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Author Question: Over the period from 1971 to 2012, the U.S. Gini ratio for household income ________, which means ... (Read 148 times)

Mr. Wonderful

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on: Jun 29, 2018
Over the period from 1971 to 2012, the U.S. Gini ratio for household income ________, which means income inequality in the United States ________.
 
  A) increased; increased
  B) increased; decreased
  C) decreased; increased
  D) decreased; decreased

Question 2

The above table shows Priscilla's marginal utility from the two goods she consumes, pizza and Pepsi. A slice of pizza costs 4 and a can of Pepsi 2. Suppose Priscilla has 12 to spend.
 
  If the price of pizza decreases, Priscilla's preferences (her marginal utility schedule) for pizza A) will increase.
  B) will decrease.
  C) will not change.
  D) may increase or decrease depending on what happens to the price of Pepsi.


Jbrasil

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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