In 2013, the income share of the highest quintile was:
A. almost 60 percent.
B. 20 percent.
C. almost 90 percent.
D. 47 percent.
Answer: A
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In the figure above, a decrease in the price of a bag of potato chips would result in the budget line
A) making a parallel shift toward point a. B) making a parallel shift toward point c. C) becoming flatter. D) becoming steeper.
Industry A has four firms, each with a 25% market share while industry B has four firms, one firm with a 70% market share and the other three firms with 10% each. According to the Herfindahl-Hirschman Index, industry A is more highly concentrated
a. True b. False
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in exports coupled with a decline in imports b. a slower inflation rate than those of its trading partners c. lower domestic real interest rates d. lower real interest rates abroad
If the Japanese yen trades at $1 = 98 yen, a Honda that sells for $29,000 in the U.S. would be worth approximately how many yen?
A) 296 yen B) 28,000 yen C) 371,000 yen D) 2,842,000 yen