Since 1929, the distribution of money income in the United States has
A) become slightly more unequal.
B) not dramatically changed.
C) become more equal.
D) shifted toward the poorer 20 percent away from the richer 20 percent.
Answer: C
You might also like to view...
To the casual observer it is often difficult to understand how a company would spend several million dollars building a plant or other structure and then simply stop and abandon the project midway. How can this be justified on economic grounds?
What will be an ideal response?
A firm in competitive price-taker market is maximizing profit at Q = 3,000 . Then its fixed cost increases. The profit-maximizing output is now
a. greater than 3,000 and profit decreases b. less than 3,000 and profit decreases c. greater than 3,000 and profit is unchanged d. equal to 3,000 and profit decreases e. equal to 3,000 and profit increases
Corporations make up ________ percent of all U.S. businesses, and corporate sales make up ________ percent of all business sales
a. 89; 20 b. 25; 75 c. 19; 83 d. 83; 15
If all firms pay an efficiency wage, then
A) there is no cost to shirking because the shirking worker can receive his high wage at another firm after being caught and fired. B) the macroeconomy would enjoy a prolonged period of near-zero unemployment. C) there is a cost to shirking because the efficiency wage is less than it would have been if only a few firms paid it. D) there is a cost to shirking because the shirking worker will spend a greater time unemployed after being caught and fired.