Which of the following are measures of inequality?
Gini index It is the most widely cited measure of inequality; it measures the extent to which the distribution within an economy deviates from a perfectly...
Published: May 05, 2026
Which shows diminishing returns when more of an input is added?
The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional ...
Published: May 05, 2026
Why did the real estate market crash?
The 2007–08 Housing Market Crash Low interest rates, relaxed lending standards—including extremely low down payment requirements—allowed people who would ...
Published: May 05, 2026
Which country has most poor population?
According to World Bank, the countries with the highest poverty rates in the world are: Madagascar – 70.70% Guinea-Bissau – 69.30% Eritrea – 69.00% Sao To...
Published: May 05, 2026
What was the average price of gas in 2011?
$3.52 per gallon The average gasoline price in 2011 was $3.52 per gallon, up from $2.78 per gallon in 2010 and $2.35 per gallon in 2009. What was the high...
Published: May 05, 2026
What are the cons of eminent domain?
The Cons of Eminent Domain A property owner may not want to sell, but they will still be forced to move when the property is condemned. While the law prov...
Published: May 05, 2026
What does supply side economics focused on?
Supply-side economics holds that increasing the supply of goods translates to economic growth for a country. In supply-side fiscal policy, practitioners o...
Published: May 05, 2026
Why is Aden the economic center of Yemen?
It is the location of the country’s largest oil deposits. It is the country’s main tourist destination. It is an important port in the oil trade. Is Yemen...
Published: May 05, 2026
How do sales taxes affect the poor?
Because lower-income households spend a greater share of their income than higher-income households do, the burden of a retail sales tax is regressive whe...
Published: May 05, 2026
What would happen if the world got rid of money?
If all the money in the world suddenly disappeared tomorrow, civilization as we know it would swiftly collapse, many would die—then—slowly—people would be...
Published: May 05, 2026
