In Figure 33.1, suppose that the Gini coefficient for Omega is 0.55. The Gini coefficient for Alpha must be
A. Greater than 0.55.
B. Equal to 0.55.
C. Less than 0.55.
D. 0.45.
Answer: C
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What's another term for "positive externality"?
A) Negative externality B) Spillover cost C) Spillover benefit D) The "pay-as-you-go" principle
Government regulations require publicly traded firms to provide information, reducing
A) transactions costs. B) the need for diversification. C) the adverse selection problem. D) economies of scale.
The investment required to maintain steady state growth
A) is impossible to achieve since capital for new workers requires continuous increases in s, the per capita savings ratio. B) must equip new workers with capital equal to that employed by existing workers. C) must replace "worn out" capital. D) B and C.
The most fundamental concept in economics is that
What will be an ideal response?