What is the percentage of income received by the upper quintile on line Z?
55
You might also like to view...
Which of the following statements pertains to the four-firm concentration ratio? I. It is the percentage of the value of sales accounted for by the four largest firms in an industry. II
A high concentration ratio is indicative of a high degree of competition. III. The ratio is used to measure product differentiation. A) I only B) I, II only C) I, III only D) I, II, and III
When the Federal Reserve calls in a discount loan from a bank, the monetary base ________ and reserves ________
A) remains unchanged; decrease B) remains unchanged; increase C) decreases; decrease D) decreases; remains unchanged
Apply the concept of tax smoothing to the debate over tax-based versus spending-based fiscal stimulus
What will be an ideal response?
Each of the following explains why cost-benefit analysis is difficult except
a. there is no price with which to judge the value of a public good. b. surveys are often biased and unreliable. c. it is difficult to identify all factors that influence costs and benefits of public goods. d. government projects rarely have sufficient funding to complete them on time.