The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality
a. True
b. False
Indicate whether the statement is true or false
False
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The oversimplified multiplier formula assumes that the
a. level of consumption spending is fixed. b. price level is fixed. c. government spending is fixed. d. net exports depend on income.
If we accept the principle of “caveat emptor” - “let the buyer beware,” why then is there concern about the ethics of advertising. If the consumer is responsible to make the decision, is there anything to justify restricting the advertiser? Explain your view.
What will be an ideal response?
Which of the following is included in M1 and M2?
a. traveler's checks b. savings deposits c. money market mutual funds d. small time deposits
Refer to the table shown. The marginal product of the third worker is:Number of workersMarginal product of workers1225394145166177188189171015
A. 2. B. 17. C. 9. D. 8.