Based on the graph for the Gini Coefficient, as income inequality increases, Area A ______.
a. grows larger
b. grows smaller
c. disappears
d. divides into halves
a. grows larger
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A perfectly elastic demand curve for a firm
A. is represented by a vertical line. B. means that with every unit price increase there will be a unit decrease in demand. C. is formulated by P× Q = a constant, for all prices and quantities. D. indicates that any increase in price will eliminate all purchases of its product.
Assume that the reserve requirement is 10 percent. If a bank has total deposits of $80 million, then the required reserves must equal:
a. $80 million. b. $12 million. c. $50 million. d. $8 million. e. $10 million.
Suppose the population (age 16 and over) of Cameroon is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is
a. 8 percent. b. 50 percent. c. 54 percent. d. 92 percent.
The problem of political instability has been greatest in which continent?
A. South America B. Europe C. Asia D. Africa