A game in which any gains within the group are exactly offset by equal losses by the end of the game is a
A) positive-sum game.
B) zero-sum game.
C) strategy.
D) negative-sum game.
Answer: B
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If a country has an expenditure multiplier of 10, the slope of its aggregate planned expenditure (AE) curve is
A) .90. B) 10.00. C) .50. D) .10. E) .80.
When China embarked on market changes towards urbanization and manufacturing in 1978, urban disposable incomes were 2.6 times greater than rural net income. By 2008 they were 3.3 times bigger
Which of the following have the market changes sketched above have most likely NOT caused? A) Increased income inequality between rural and urban populations B) A movement towards a bell-shaped distribution of income C) An increased Gini ratio D) The Lorenz curve for income to move further away to the line of equality