The above figure shows the Lorenz curves for four different countries. Which country has the most unequal distribution of income?
A) country A
B) country B
C) country C
D) country D
D
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When there is a large government deficit, what will happen to the aggregate demand curve?
a. It will shift to the left. b. It will shift downward. c. It will shift to the right. d. It will not shift.
A German mutual fund sells euros to a U.S. bank for $20,000 . The mutual fund then uses these dollars to purchase a bond issued by United Express, a U.S. delivery company. As a result of these two transactions, what happened to U.S. net capital outflow?
a. It fell by $40,000. b. It fell by $20,000. c. It was unchanged. d. It rose by $20,000.
According to supply-side theory, which of the following would shift the aggregate supply curve leftward?
A. Lower marginal tax rates. B. Government deregulation. C. A higher minimum wage. D. Elimination of structural bottlenecks.
_____ refers to actions that one party in a transaction takes based on his private information and that affect the payoff to the other party
A) Negative externalities B) Moral hazard C) Positive externalities D) Bargaining