Which of the Following Measurements of Global Inequality Shows a Decrease

question 29

Multiple Choice

Which of the following measurements of global inequality shows a decrease since the 1980s?

• A) regional-level inequality weighted by the number of countries in the region
• B) average income weighted by the size of population
• C) average income by country
• D) individual-level inequality

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Definitions:

Cost of Entry

The initial capital and expenses required to start a business or enter a market.

Economies of Scale

The cost advantage achieved by an enterprise when production becomes efficient, as the scale of the operation increases.

Essential Resource

Is a resource that is necessary for the survival of an economy or ecosystem, often including items like water, air, and food.

Monopoly Result

The outcome of having a single seller in a market, which can lead to higher prices and less consumer choice.