The Gini ratio or Gini coefficient is a measure of the:

Answer the following questions true (T) or false (F)

1. One consequence of adverse selection in the market for used cars is that most used cars sold will be lemons. 2. Insurance companies use deductibles and coinsurance to reduce moral hazard. 3. Under current U.S. tax laws, individuals do not pay taxes on health insurance benefits they receive from their employers.

In order to be successful in a market economy, entrepreneurs must

What will be an ideal response?