The Lorenz curve of perfect equality is a
a. vertical line.
b. upward sloping line from the origin.
c. U-shaped line.
d. horizontal line.
b. upward sloping line from the origin.
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Price decreases always increase economic efficiency
a. True b. False Indicate whether the statement is true or false
Farmers can insure themselves against adverse price swings through the __________ market
A) bond B) stock C) futures D) food E) none of the above
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Which of the following is not a supply factor in economic growth? A)full employment B)the stock of capital C)technological advance D)The size and quantity of the labour force
What will be an ideal response?