|
Title: In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 ... Post by: aac387 on Feb 26, 2018 In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 percent of all income is
A) curve A. B) curve B. C) curve C. D) curve D. Ques. 2 When a nation has a comparative advantage in the production of a particular good A) the nation tends to avoid specialization. B) the comparative advantage encourages self-sufficiency. C) the opportunity cost of producing that good is higher than that of other goods. D) the nation can gain from trade. Ques. 3 The figure above shows the demand and cost curves for a single-price monopoly. The firm will produce ________ units and set a price of ________ per unit. A) 15; 20 B) 10; 20 C) 10; 30 D) None of the above answers is correct. Ques. 4 An increase in the price of a firm's output A) raises the value of marginal product of each unit of labor. B) shifts the firm's demand for labor curve rightward. C) results in the firm increasing the amount of output it produces. D) All of the above answers are correct. Ques. 5 If the money prices of resources changes, the LAS curve shifts. Indicate whether the statement is true or false Ques. 6 The table below shows data for Brazil. 2006 2007 Real GDP growth rate 3.8 5.4 Inflation rate 4.2 3.7 Assuming the rate of velocity change is constant A) the growth rate of money increased between 2006 and 2007. B) the money growth rate was -0.4 percent in 2006. C) the growth rate of nominal GDP was 1.7 percent in 2006. D) the demand for money curve shifted leftward in 2006. Title: In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 ... Post by: oksanamad on Feb 26, 2018 Content hidden
Title: In the figure above, the Lorenz curve that shows the richest 20 percent of households receiving 80 ... Post by: aac387 on Feb 26, 2018 Such an awesome helper!
|