Refer to Figure 21.2. Which country has the more unequal distribution of income?
A) Urbania
B) Ruratania
C) They may have the same absolute income distribution although their relative income distribution is different.
D) There is insufficient information to answer the question.
B
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In 2008, commercial banks' share of the U.S. credit market changed as a result of
A) commercial banks that experienced significant difficulties resulting from real estate investments applied for status as investment banks. B) investment banks that experienced significant difficulties resulting from real estate investments applied for status as commercial banks. C) increasing returns on real estate investments led commercial banks to expand. D) increasing returns on real estate investments led investment banks to expand.
The above figure shows supply and demand curves for milk. In an effort to help farmers, the government passes a law that establishes a $3 per gallon price support. To maintain the price support, government must purchase
A) Q1 gallons. B) Q2 gallons. C) Q1 - Q2 gallons. D) Q2 - Q1 gallons.