How is the personal distribution of income in India changing?
What will be an ideal response?
If the number of millionaires is growing more rapidly than the number of other income groups, it will be the case that the personal dis-tribution of income in India is becoming less equally distributed.
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A firm that buys foreign exchange in order to take advantage of higher foreign interest rates is
A) speculating. B) demonstrating purchasing power parity. C) engaging in interest rate arbitrage. D) responding to fluctuations in the business cycle. E) ignoring the nominal rate of exchange.
When a firm is producing at the profit maximizing level of out put and P > ATC, the firm is:
A) breaking even. B) incurring an economic loss. C) earning an economic profit. D) earning a profit or incurring a loss depending on the level of total fixed costs.