Economists attribute the high Gini coefficients among less-developed countries primarily to their

a. predominantly agricultural economies
b. unstable political systems
c. inadequate transportation systems
d. large untapped natural resources
e. proximity to industrial economies

A

Economics

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A simple deposit multiplier equal to four implies a required reserve ratio equal to

A) 100 percent. B) 50 percent. C) 25 percent. D) 0 percent.

Economics

For the monopolistically competitive firm, the demand curve it faces will be steeper the:

A. more easily the good can be substituted. B. more complement goods are available. C. less easily the good can be substituted. D. less complement goods are available.

Economics