Is the distribution of income across different countries in the world equitable? In other words, do all countries share the world's wealth equally?
What will be an ideal response?
No, there are large differences in they way wealth is distributed across countries. For example, the U.S., Canada and Western Europe account for 60 percent of the world's annual consumption, while having only 11 percent of the world's population. In contrast, Africa and South Asia have 37 percent of the world's population but represent only about 6 percent of world consumption expenditure.
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The Occupational Safety and Health Administration (OSHA) has determined that 100 workers are exposed to a hazardous chemical used in the production of diet soft drinks. The cost of imposing a regulation that would ban the chemical is $10 million. OSHA has calculated that each person saved by this regulation has a value equal to $10 million. If the benefits are exactly equal to the costs, what
probability is OSHA using to assess the likelihood of a fatality from exposure to this chemical? a. 0.001 b. 0.01 c. 0.1 d. 1.0
The Board of governors of the Fed
A. are appointed by the House of Representatives. B. has 12 members. C. is headquartered in Washington, D.C. D. have a 7-year term.