The major theme that we emphasized with regard to the measurement of income differences/inequality as well as contributors and remedies for these differences is that
A) the U.S. has contributed little to income assistance
B) it's a complex topic with many underlying questions and issues
C) private solutions to low income are relatively simple and effective, unlike public solutions
D) there are no chronically low income households in the U.S.
Answer: B) it's a complex topic with many underlying questions and issues
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"I'd rather have $100 now than wait for $100 six months from now." This person
A) displays a negative rate of time preference. B) displays a positive rate of time preference. C) displays a zero rate of time preference. D) displays irrational behavior because the money will be more valuable later.
Assume that a Chrysler automobile sells for $15,000 in the United States and that the exchange rate is $1 = €1.3 . For purchasing power parity to hold, the same car should sell in Germany for:
a. €15,000. b. €11,538. c. €19,500. d. €1,538. e. €15,500.