In 2010, the highest quin tile of the income distribution earned approximately
a. 5 percent of aggregate income.
b. 10 percent of aggregate income.
c. 15 percent of aggregate income.
d. 50 percent of aggregate income.
d. 50 percent of aggregate income.
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The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods
A) helps developing countries export manufactured products. B) has no effect on developing country exports. C) hurts developing country efforts to export manufactured goods. D) hurts developing country efforts to export raw materials. E) does not affect industrialized countries' exports.
Lori plans to buy a convertible this weekend. Her two favorite cars are the BMW, which would give her 160,000 utils of satisfaction, and the Mitsubishi Eclipse Spyder, which would give her only 124,000 utils of satisfaction. The BMW that she wants sells for $37,220, while the Mitsubishi sells for $28,200 . She can afford either car
a. Which car will she buy in order to maximize her utility? b. To what price will her second choice have to fall to get her to make her first choice?
Recently, Chrysler bonds with a face value of 100 closed at 103 . The coupon rate was 12.75 . The current yield on these bonds was
a. 103 percent. b. 3 percent. c. 12.75 percent. d. less than 12.75 percent.
If workers and firms have rational expectations, they form their expectations using
A) all the information available to them. B) only information from the past. C) only information provided to them by the government. D) only information gathered from random sources.