Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. Which of the following statements is true?
A) Income distribution is changing faster in the United States.
B) The distribution of income is more equal in the United States.
C) Without information on population, it is not possible to compare income distribution between countries.
D) The distribution of income is more equal in the Sweden.
D
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If Veronica withdraws $1,500 from her checking account and holds it as currency, then M1 will ________ and M2 will ________
A) increase; decrease B) increase; not change C) not change; decrease D) not change; not change
The principal-agent problem is the issue of inducing
A) agents and principals to work hard. B) principals to act in the best interests of agents. C) agents to act in the best interests of principals. D) None of the above answers is correct.