In the United States, people who earn more than $250,000 a year represent 3 percent of all households and earn
A. 16 percent of total income.
B. less than 1 percent of total income.
C. 3 percent of total income.
D. 47 percent of total income.
Answer: A
You might also like to view...
_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves
a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak
Elly needs to get her leaking faucet repaired as soon as possible. She gets in touch with a plumber who asks for an unreasonably high fee. If no other plumber is available for work, who has a higher bargaining power? Explain your answer
What will be an ideal response?
In the above figure, if the economy is at point a, an increase in ________ will move the economy to ________
A) real wealth from the fall in the price level; point b B) real wealth from the fall in the price level; point c C) expected future income; point c D) expected future income; point d
The most liquid securities traded in the capital market are
A) corporate bonds. B) municipal bonds. C) U.S. Treasury bonds. D) mortgage-backed securities.