When the income distribution is described by and labeled A, what is the value of the Gini coefficient?

a. 0

b. 45

c. 1

d. 2

0

Economics

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The table above shows Tom's total utility from milkshakes and sodas. A milkshake costs $2.00. What is the marginal utility per dollar spent when the eighth milkshake is purchased?

A) 32 units per dollar B) 20 units per dollar C) 16 units per dollar D) 10 units per dollar

Economics

To offset the effect of households and firms deciding to hold less of their money in checking account deposits and more in currency, the Federal Reserve could

A) raise the discount rate. B) buy Treasury securities. C) raise the required reserve ratio. D) lower bank taxes.

Economics