The rich receive _____ all property income.
A. nearly
B. about one-half of
C. about one-quarter of
D. a very small percentage of
A. nearly
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. Given the information in this decision tree, if QRS-TV announces that it will air a reality show, it can expect to:
A. earn $10 million. B. lose $5 million. C. earn $20 million. D. earn $5 million.
Lizzie's budget line is shown in the figure above. Lizzie's real income in terms of cookies is ________ cookies
A) 5 B) 10 C) 15 D) 20
An important function of international institutions during times of crisis is to
A) make goods nonrival. B) make goods nonexcludable. C) prevent free riding. D) prevent nondiscrimination. E) encourage free riding.
In 2012, government income transfers redistributed what percentage of national income?
a. 1.1 percent b. 7.7 percent c. 17.4 percent d. 25.5 percent