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?

Among developed countries, the United States has

A) one of the lower Gini coefficients. B) one of the higher Gini coefficients. C) the most unequal distribution of income. D) an income distribution right about at the median of those countries.

Which of the following is necessary for the invisible hand of market prices to work properly?

a. buyers and sellers who generally tend to disregard their own self-interest b. democratic political procedures and highly regulated markets c. price controls that restrict the movement of market prices d. competition and property rights that are well-defined and enforced