Data on the U.S. income distribution suggest that
a. black-white income differentials have decreased
b. black-white income differentials have increased
c. the distribution of income among blacks is more uneven than the overall distribution of income
d. the distribution of income among blacks is less uneven than the overall distribution of income
e. the distribution of income among blacks follows approximately the same pattern as the overall distribution of income
C
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The United States economy is
A. the third largest in the world. B. larger than all other national economies combined. C. the second largest in the world, behind Japan. D. the largest in the world.
If a union threatens to strike during a peak demand period, it is more likely to
a. Have its conditions accepted b. Have its conditions rejected c. Get laughed at d. All of the above
The marginal propensity to consume is:
a. the change in income divided by the change in consumption. b. consumption spending divided by income. c. income divided by consumption spending. d. the change in consumption divided by the change in income. e. the change in consumption divided by income.
In the 1980s, several ________________ countries experienced inflation rates of thousands of percent per year
a. Asian b. Southern European c. Eastern European d. Latin American e. African