Crony capitalism is present when
a. businesses are either implicitly or explicitly prohibited from making donations to political candidates.
b. businesses either implicitly or explicitly provide political decision-makers with contributions and other forms of political support in "exchange" for government favors that will improve their profitability.
c. rule of law is present and government officials treat all citizens alike.
d. government officials spend taxpayer funds only on productive projects.
B
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In the Solow model, if f(k) = 6k0.5, s = 0.1, n = 0.1, and d = 0.2, what is the value of c at equilibrium?
A) 10 B) 10.4 C) 10.8 D) 11.2
In a Lorenz curve, perfect income equality is represented by
A) a vertical line. B) a horizontal line. C) a rectangular hyperbola. D) a 45-degree line originating from the origin.