On a graph for the Gini Coefficient, perfect inequality would be represented by the equation ______.
a. G = -1
b. G = 0
c. G = 1
d. G = 100
c. G = 1
Economics
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Which of the following instances will total revenue or receipts decline?
A) Price rises and demand is inelastic. B) Price falls and demand is elastic. C) Price rises and demand is elastic. D) Price falls and demand is unit elastic.
Economics
A characteristic of a good model is that
A) its predictions can be tested using real-world data. B) it is useful for making irrefutable predictions. C) it applies to all situations. D) it predicts perfectly.
Economics