Which of the following statements is true?

A) Income inequality within most countries has increased during the past 20 years.
B) Income inequality across the entire world has decreased during the past 20 years.
C) Income inequality within most countries and across the entire world has not changed much during the past 20 years.
D) Both A and B are correct.
E) None of the above is correct.


D

Economics

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Refer to Table 2-4. What is George's opportunity cost of cultivating a garden?

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Economics

A strategy is weakly dominated if:

A. there are no other strategies that yield higher payoffs, regardless of others' choices. B. there is some other strategy that yields a strictly higher payoff regardless of others' choices. C. there is some other strategy that yields a strictly higher payoff in some circumstances and that never yields a lower payoff regardless of others' choices. D. there is some other strategy that yields a strictly higher payoff in some circumstances and may yield a lower payoff, depending upon other players' choices.

Economics

Which of the following resulted in the financial crisis in 2007-08?

a. Falling international reserves b. Short-term investments made by China in the US c. Lack of transparency d. Bad loans on U.S. mortgages e. Fixed rates of interest

Economics

Suppose Cassie's Candles is a profit-maximizing competitive firm. Cassie sells hand-made candles for $10 each. She will pay an hourly wage of $20 so long as the marginal productivity of a worker equals or exceeds two candles per hour

a. True b. False Indicate whether the statement is true or false

Economics