Which of the following statements is the most accurate and complete summary of trends in income...

Which of the following statements is the most accurate and complete summary of trends in income inequality over the period 1950-2015, as presented in Unit 19?

Question 12 options:

	Most of the inequality in the world results from inequality between countries, which is declining.
	Inequality between individuals in most countries is declining.
	Most of the inequality in the world results from inequality between countries, rather than inequality within countries.
	The net effect of trends in within-country and between-country inequality is that inequality is falling.

For countries with a progressive tax system, when making the adjustment from market income to disposable income we would usually expect the Gini coefficient to ____, and in making the adjustment to final income we would expect it to ____.

Question 13 options:

	Rise; rise.
	Fall; rise.
	Rise; fall.
	Fall; fall.

If the central bank wants to increase spending in the economy it should ___________ the policy rate in order to make it ___________ to borrow.

Question 3 options:

	lower; cheaper
	raise; more expensive
	raise; cheaper
	lower; more expensive

Expert Solution

Answer 1) C) Most of the inequality in the world results from inequality between countries, rather than inequality within countries.

Explanation - The inequality between the countries in terms of their gross domestic product, trade balance, production and all such economic factors leads to the inequality between them and on a global level hence Most of the inequality in the world results from inequality between countries, rather than inequality within countries.

Answer 2) B) Fall, Rise

Explanation- The distribution pattern of the wealth in the population is calculated by the Gini coefficient; in this case the as the market income is been adjusted to the disposable income and hence the Gini coefficient will fall and low Gini coefficient means more equal distribution of the wealth in the population.

Answer 3) Lower, Cheaper

Explanation- As the spending has to increased in the economy then borrowing rate should be cheaper and this can be done by lowering the policy rate by central bank.

Rahul Sunny answered 2 years ago

Which of the following statements about leadership is the most accurate?

Which of the following statements about leadership is the most accurate?A One trait of effective leaders is that they consistently maintain the same style of leadership.B Effective leaders use money as a prime motivator to change employee performance.C The most effective leaders build trust and reward outstanding performance.D The democratic style of leadership will almost always improve the effectiveness of the organization

Which of the following statements is the most accurate description of limited liability? A. In a...

Which of the following statements is the most accurate description of limited liability? A. In a company limited by shares, shareholder who holds a share in the company is not liable beyond any amount outstanding on partly paid shares. B. In a company limited by shares, a company has limited liability for their debts. C. A company is a separate legal entity from its directors, so directors are always shielded from the company's losses. D. A and B above. E....

QUESTION 14 Which of the following statements is the most accurate description of limited liability? A....

QUESTION 14 Which of the following statements is the most accurate description of limited liability? A. In a company limited by shares, shareholder who holds a share in the company is not liable beyond any amount outstanding on partly paid shares. B. In a company limited by shares, a company has limited liability for their debts. C. A company is a separate legal entity from its directors, so directors are always shielded from the company's losses. D. A and B...

Which of the following statements is the least accurate?

Which of the following statements is the least accurate?a.Common types of contingent claim derivatives include options and modified versions of swaps, forward contracts and futures contracts.b.An option that gives the right to buy is referred to as a put; an option that gives the right to sell is referred to as a call.c.Asset-backed securities are examples of contingent claims.

Which of the following statements is most accurate? Group of answer choices A) IFRS allow companies...

Which of the following statements is most accurate? Group of answer choices A) IFRS allow companies to value long-lived assets either under a cost model at historical cost minus accumulated depreciation or under a revaluation model at fair value. B) IFRS require companies to value long-lived assets under a revaluation model at fair value. C) US accounting standards allow companies to value long-lived assets either under a cost model at historical cost minus accumulated depreciation or under a revaluation model...

Which of the following statements is most accurate regarding sufficient and appropriate documentation? Audit documentation is...

Which of the following statements is most accurate regarding sufficient and appropriate documentation? Audit documentation is the property of the client, and sufficient and appropriate copies should be retained by the auditor for at least 5 years. Sufficient and appropriate documentation should include evidence that it has been reviewed. Accounting estimates are not considered sufficient and appropriate documentation. If additional evidence is required to document significant findings or issues, the original evidence is not considered sufficient and appropriate and therefore...

Which of the following statements is most accurate? a. ERP systems are commercial software packages that are sometimes called turnkey systems ....

Which of the following statements is most accurate?a. ERP systems are commercial software packages that are sometimes called turnkey systems because they can be implemented by the user with little or no modification.b. Substantive tests provide evidence focused on the system controls.c. Public accounting firms that provide attest services are not allowed under SOX to offer IT advisory services.d. Both small and large firms that have standardized information needs are potential customers for commercial software.e. External auditors may rely on...

Which of the following is the most accurate definition of the price elasticity of demand? a....

Which of the following is the most accurate definition of the price elasticity of demand? a. The percentage change in quantity demanded divided by the percentage change in price. b. The total change in quantity demanded divided by the average price. c. The total change in demand divided by the total change in price. d. The percentage change in quantity demanded divided by the percentage change in the price of a substitute.

Which of the following is the most accurate description of an organism’s direct fitness? A. Its...

Which of the following is the most accurate description of an organism’s direct fitness? A. Its reproductive success measured by number of their offspring that also reproduce. B. The sum of the organism’s strength and stamina. C. The ability of the organism to survive in the face of predators, disease, parasites, and competition. D. How well an organism blends into its environment to escape detection. E. None of the above is related to direct fitness. Which of the following is...

6. Which of the following statements are accurate? A. In an average, healthy human, the partial...

6. Which of the following statements are accurate? A. In an average, healthy human, the partial pressure of carbon dioxide is usually higher in the blood in systemic veins than the alveoli B. In an average, healthy human, the partial pressure of oxygen is usually higher in the systemic veins than the alveoli C. In average, healthy human, the partial pressure of oxygen is usually higher in the systemic arteries than in the body tissues D. Generally speaking, gases will...

Question