The Gini Index Is One Way That Social Scientists Measure

question 35

Multiple Choice

The Gini index is one way that social scientists measure:

• A)total national wealth.
• B)the amount of economic inequality in a society.
• C)the environmental impact of development.
• D)the distribution of public goods.
• E)public health relative to national wealth.

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Definitions:

International Trade

The exchange of goods and services across international borders or territories, which involves the import and export activities between different countries.

Antidumping Actions

A class of protective tariffs imposed by a domestic government on foreign imports that are thought to be priced below fair market value.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries by making foreign products more expensive compared to local ones.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting the value of an asset in the open market.