Which of the following CORRECTLY describes characteristics of people who earn high incomes?
I. Older, retired households have the highest incomes.
II. Married couples earned higher incomes than single people.
III. Households with Bachelor's degrees have higher incomes than households with doctorate degrees.
A) I and II
B) I and III
C) II and III
D) II only
D
You might also like to view...
One of describing the debate between activists and non-activists is that
A) activists are pessimistic about the self-correcting powers of the economy but non-activists are optimistic. B) activists tend to be oriented to the long-run but non-activists are short-run oriented. C) non-activists are optimistic about the efficacy of stabilization policy but activists are pessimistic. D) A and B are both correct.
Which of the following would cause the demand curve for DVDs to shift to the right?
a. a decrease in the price of DVDs b. a decrease in the price of DVD players c. a change in the tastes towards watching movies in movie theaters d. a decrease in the number of people in the market for DVDs
Long-term chronic unemployment that results even when the economy is producing at a normal rate is called ________ unemployment.
A. global B. cyclical C. structural D. frictional
2 Conflicting Principles (taxes and fairness)
What will be an ideal response?