Economists Cox and Alm compared the gap between rich and poor and found that the richest 20% was about 2 times better off than the poorest 20% when they compared what data?

The condition required for a consumer to be maximizing utility, for any pair of products, X and Y, is

A) MUX = MUY. B) MUX/PY = MUY/PX. C) PX = PY. D) PX(MUX) = PY(MUY). E) MUX/PX = MUY/PY.

An optimum currency area is a geographic region

A) with inflation near zero. B) that allows exchange rates to float. C) that has fixed exchange rates. D) for which the benefits of having a common currency exceed the costs.