If incomes were equally distributed in the United States, each fifth of the population would receive ____ percent of the income

a. 5
b. 10
c. 15
d. 20


d

Economics

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When a banker records how many dollars each of his borrowers owes the bank, money is serving as a

A. store of value. B. medium of exchange. C. legal tender. D. unit of account.

Economics

Prior to the Uruguay Round agreement, the GATT was criticized because

A) it had no mechanism for enforcing its rules. B) prominent segments of world trade, including trade in agriculture and services, were not covered by GATT rules. C) member countries could veto GATT rulings not in their interests. D) All of the above.

Economics

The three basic categories of resources are land, labor, and:

a. money. b. time. c. energy. d. capital.

Economics

Intellectual property rights are difficult to protect

Indicate whether the statement is true or false

Economics