Since 1970, the world Gini ratio has ________ indicating that the ...

[plus1]

Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ________.
 
  A) risen; become more equal
  B) fallen; become more equal
  C) risen; become less equal
  D) not changed; not changed

Question 2

In the above figure, for a single-price monopolist producing at its profit-maximizing equilibrium price and quantity, the price elasticity of demand at this equilibrium will be
 
  A) greater than 1 and the monopolist's total revenue is maximized.
  B) less than 1 and the monopolist's economic profit could be larger.
  C) equal to 1 and the monopolist's total revenue is maximized.
  D) greater than 1 and the economic profit is maximized but the total revenue is not.

[brittanywood]

Answer to Question 1

B

Answer to Question 2

D