The most unequal distribution of income in the above figure exists in
A) country 4.
B) country 1.
C) country 5.
D) country 3.
B
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How can you calculate the cost per mile of owning a car?
A) Divide total costs per year of owning the car by the number of miles driven in a year. B) Divide total costs per year of owning and operating the car by the number of miles driven in a year. C) Divide total costs per year of operating the car by the number of miles driven in a year and add the result to the cost of owning the car. D) You cannot do so in any defensible way because cars are owned per unit of time period, not per unit of distance.
If Big Lumber Company offers customers a lower price per unit of lumber if the customer purchases more than 100 pieces of lumber, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) second-degree price discrimination D) third-degree price discrimination
If two steel firms merge, the merger is described as
a. a horizontal merger b. a vertical merger c. a conglomerate merger d. either a vertical or conglomerate merger depending on whether the oligopoly is balanced or unbalanced e. either a vertical or conglomerate merger depending on the number of steel firms in the steel industry
Assume that the central bank sells government securities in the open market. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and GDP Price Index in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The real risk-free interest rate rises and GDP Price Index rises. b. The real risk-free interest rate falls and GDP Price Index falls. c. The real risk-free interest rate rises and GDP Price Index falls. d. The real risk-free interest rate and GDP Price Index remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.