Question

The weighted sum of this quantity times elasticity is equal to 1 in Engel aggregation. The Lakner–Milanović graph depicts this quantity’s growth due to globalization, which gained its common nickname because of its resemblance to an elephant. A hypothetical change in this quantity given by the Hoover index is represented as the longest distance (10[1])between the 45-degree line (10[1])and the Lorenz curve. (-5[1])This (10[1])quantity’s increase due to industrialization is plotted on the x-axis of the inverted U-shaped Kuznets (-5[1])curve. The Slutsky (10[1])equation predicts that total changes in demand consist of this quantity’s namesake effect and the substitution effect. Demand for inferior goods decreases as (10[1])this quantity (10[1])for a consumer increases. For 10 points, name this quantity measuring an individual’s earned money. ■END■ (10[3])

ANSWER: income [or wealth; accept the income effect; accept income per capita or income share; accept income inequality; prompt on inequality by asking “what is that inequality measuring?”; prompt on Gini coefficient by asking “what quantity does that measure?”]
<Social Science>
= Average correct buzz position

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Summary

2023 ACF Winter @ Columbia11/11/2023Y9100%0%22%91.44

Buzzes

PlayerTeamOpponentBuzz PositionValue
Arjun BothraHaverfordRutgers B5310
Andrew MinagarYale BPrinceton A5710
Aum MundheRutgers ABard A61-5
Srikar VenkatesanPenn BPrinceton B6210
Forrest WeintraubColumbia AYale A77-5
Jason QinColumbia BNYU A8010
Richard NiuCornell CYale C10310
Sam MacchiVassarPenn A10510
Omar MahmoodNYU BColumbia C12110
Cyrus HodgsonBard ARutgers A12110
Karsten RynearsonYale AColumbia A12110