Which income distribution is more unequal and why: the income distribution in the United States or in the entire world?
What will be an ideal response?
The world Gini ratio is larger than the U.S. Gini ratio which means that the distribution of world income is less equally distributed than in the United States. The world income distribution ranges from extremely poor individuals living on less than $2.50 per day to the very wealthy living in the United States and other advanced countries.
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Foreign direct investment occurs when a Chinese corporation
A) opens a new Chinese factory. B) purchases stock issued in China. C) purchases 1,000 shares of stock issued by an American company. D) opens a new factory in France.
A drop in velocity means that at any nominal GDP there is a desire to hold a ________ proportion of assets in money form, thus ________ shift in the LM curve
A) larger, a downward B) larger, an upward C) smaller, a downward D) smaller, an upward