Refer to Table 21.2. The middle 20 percent of earners took home ________ of all income earned in Mysteria
A) 9%
B) 18%
C) 42.9%
D) 52.9%
B
You might also like to view...
Opportunity cost is:
A) the costs of all sacrifices not chosen when a choice is made. B) the highest valued other choice that could have been made. C) the result of having made a bad choice. D) the result of not making choices at the margin.
Because automatic stabilizers exist in the United States economy
A. during a recession, transfer payments automatically rise and tax revenue drops; during a period of economic recovery, transfer payments fall and tax revenue rises. B. real wages automatically adjust to keep the labor force fully employed at all stages of the business cycle. C. monetary policy is designed to automatically respond to changes in money demand. D. during a recession, the government's budget deficit automatically becomes smaller. E. All of the choices/statements are true.
Which of the following is the most liquid store of purchasing power?
A. a dollar bill B. common stock C. gold D. real estate
Which of the following would be classified as an external cost?
A. You are not able to study at night because there is so much noise coming from the dorm room next to yours. B. As more firms began hiring computer programmers, the salaries of computer programmers increased, and therefore the firm's cost of production increased. C. A private firm will not provide national defense, as it is impossible to confine the benefits to only those individuals who have paid for it. D. When you purchase a prescription drug, you are not made fully aware of all the possible side effects that may result from taking the drug.