Higher values of the Gini coefficient are associated with
A. less labor mobility.
B. greater income inequality.
C. greater labor mobility.
D. greater education inequality.
E. less income inequality.
Answer: B
Economics
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Jane is willing to pay $4 for the first cup of coffee a day, $2.50 for the second cup, and $1 for the third cup, after which she won't buy any coffee. The price of a cup of coffee is $2.40. How many cups of coffee per day will Jane buy?
A) 1 B) 2 C) 3 D) None
Economics
Demand is elastic whenever
a. price elasticity has an absolute value of 1 b. price elasticity has an absolute value greater than 1 c. price elasticity has an absolute value less than 1 d. price elasticity is negative e. consumers respond to a change in price
Economics