Economists attribute the high Gini coefficients among less-developed countries primarily to their
a. predominantly agricultural economies
b. unstable political systems
c. inadequate transportation systems
d. large untapped natural resources
e. proximity to industrial economies
A
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In the Free Banking Era (the period of no central bank),
(a) anyone could form a bank if they met the requirements. (b) banks were required to offer free financial services. (c) the federal government rescinded its tax on bank notes. (d) states rescinded their taxes on bank notes.
Who gains surplus when consumers in a market are given a Pigouvian subsidy for a positive externality?
A. Consumers B. Producers C. Others affected by the externality D. Both consumers and producers gain surplus.
If the investment curve is relatively flat, the Keynesian conclusion is that the transmission mechanism has little effect on the economy
a. True b. False Indicate whether the statement is true or false
Differences among nations in real economic growth rates, real interest rates, and inflation rates will each affect the exchange rates among their currencies
a. True b. False Indicate whether the statement is true or false