Which of the following is true of wealth concentration in the U.S during 1989 to 2007?
A. Wealth rose 86% for the the median household, but the mean rose 60%.
B. Wealth rose 60% for the the median household, but the mean rose 86%.
C. Wealth decreased 20% for the median household, but the mean decreased by 15%.
D. Wealth decreased 20% for the median household, but the mean increased by 15%.
Answer: B
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The effective use of coercion in a society ultimately depends upon
A) fear. B) free enterprise. C) police enforcement. D) voluntary cooperation.
The vertical distance between any data point and a line approximating the data points is called an error.
Answer the following statement true (T) or false (F)
Bubba's Bait and Tackle is maximizing profits, so it must be producing where
A. MR > MC. B. MR < MC. C. MR = 0. D. MR = MC.