The world distribution of income has become more equal since 1970 because
A) the distribution of income within most countries has become more equal.
B) foreign aid programs from rich nations have increased in size and especially in effectiveness.
C) average incomes in poor nations, such as China, have risen faster than average incomes in rich nations, such as the United States.
D) None of the above answers are correct.
C
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Anna's Antiques expects to get three bidders for the unique china teacup it sells. Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. If three bidders show up at the auction and two of the bidders are low value, what would the winning price be?
a. Just above $100 b. $100 c. Just above $70 d. $70
Over time, poverty in the United States, as measured by the number of poor, has increased the most
a. among women because of discrimination b. among women because of an increasing divorce rate c. among households headed by women d. among the elderly because of cutbacks in the Social Security program e. for men because there are more of them