In recent decades, richer countries have experienced __________ inequality, and poor countries have experienced ____________ inequality.
A. increasing; decreasing
B. decreasing; increasing
C. increasing; increasing
D. decreasing; decreasing
C. increasing; increasing
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Technological efficiency occurs when the firm produces a given output
A) by using the least amount of inputs. B) by using the maximum amount of inputs. C) at the least cost. D) at the greatest cost.
The country in which banks are classified as city banks, regional banks, and special purpose financial institutions is
A) the United Kingdom. B) the United States. C) Japan. D) Germany.
If MPL = 3, and MRTS = -4 what is MPK?
A) 12 B) -12 C) 3/4 D) -3/4
Which of the following is most central to the understanding of the economic crisis of 2008?
a. the decline of the stock market in late 2007 b. the housing boom (2001-2005) and bust (2007-2008) c. the sharp rise in oil prices in 2008 d. unethical investment practices beginning in 2000