The richest 20 percent of individuals in the United States receive about ________ of the nation's total income
A) 21 percent B) 23 percent C) 91 percent D) 51 percent E) 99 percent
D
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A security with a high degree of marketability sells at a price that is
A) highly volatile. B) unpredictable. C) lower than other securities. D) higher than the equilibrium price of less marketable securities.
The concept of exogeneity is important because
A) it clarifies whether or not the variable is determined inside or outside your model. B) maximum likelihood estimation is no longer valid. C) under strict exogeneity, OLS may not be efficient as an estimator of dynamic causal effects. D) endogenous variables are not stationary, but exogenous variables are.
A residual claimant with supervisory powers resolves the difficulties independent workers have in arriving at choices that affect the entire group
Indicate whether the statement is true or false
What does it mean when a good is rival in consumption?
a) One person's use of the good diminishes another person's ability to use it. b) People can be prevented from using the good. c) No more than one person can use the good at a time. d) Everyone will be excluded from obtaining the good.