Someone who says he loves his mother far more than he loves football but nonetheless attends a football game when he could be visiting his mother
A) displays weakness of will.
B) is a hypocrite.
C) is behaving inconsistently with his own stated values.
D) places a lower marginal value on visiting his mother than on attending the football game.
E) shows that the marginal value of visiting his mother is less for him than the marginal cost of attending the football game.
D
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Janae purchased 10 Bitcoins in February with the intention of holding them until October and then selling them at a higher price. Janae was engaged in
A) diversification. B) arbitrage. C) speculation. D) asset liquification.
If the Gini coefficient for the United States is 0.47 and that for India is 0.36, which of the following statements is true?
a. The U.S. being an industrialized nation has a lower income inequality than India. b. The Lorenz curve for the U.S. lies above the Lorenz curve for India. c. India, in spite of being a developing nation, has lesser income inequality than the U.S. d. The Lorenz curve for India would coincide with the line of perfect equality. e. The distribution of income in both the economies are equal.