If we were on Lorenz curve M, the top income quintile receives about _____% of income.
A. 24
B. 40
C. 58
D. 80
C. 58
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The monetarists believe that the LM schedule
a. and the IS schedule are both steep. b. is flat while the IS schedule is steep. c. and the IS schedule are both quite flat. d. is steep and the IS schedule is relatively flat.
For some investors, derivatives can be attractive financial assets to purchase because
A. these assets can be used to offset the possibility of another risk faced by the investor. B. these assets allow an investor to eliminate the risk that they face entirely. C. they provide high returns with a very small investment. D. they are easier to sell than common stock.
The unemployment rate tells us:
A. what percentage of the labor force wants to work and can't find a job. B. who is currently unemployed. C. why the unemployed can't find work. D. the number of people who really don’t want to work.
Which statement is true?
A. Nations should strive for self-sufficiency. B. The U.S. balance of trade has always been positive. C. Our biggest trade deficit was a little over $150 billion. D. Our balance of trade turned negative in the mid-1970s.