A very high Gini coefficient implies a very wealthy country

Indicate whether the statement is true or false

F

Economics

You might also like to view...

A spending shock is a change in spending that ultimately affects the entire economy

a. True b. False

Economics

Suppose the cost of insecticide (a variable input) decreases for broccoli farmers. In order to maximize profits, ceteris paribus, broccoli farmers should

A. Increase output. B. Keep output the same since the market price did not change. C. Increase prices. D. Decrease output.

Economics