Most countries in the world have Gini coefficients ranging from:
A. 0.30 to 0.40.
B. 0.25 to 0.60.
C. 0.20 to 0.85.
D. 0.10 to 0.50.
Answer: B
Economics
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One method used by the Federal Reserve to prevent abuse of the discount facility is
A) higher bank taxes. B) higher reserve requirements. C) tighter bank surveillance. D) selling fewer government securities to the banks involved.
Economics
Phil and Kelly have always wanted to take a cruise. Although willing to pay $5,000 for a Caribbean cruise for two, they were able to purchase a cruise vacation for two for $3,500 . Their total consumer surplus amounted to:
a. $750 b. $5,000. c. $1,500. d. $3,500.
Economics