Compared to 1968, in 2008 income distribution would be considered
A. much more equal.
B. somewhat more equal.
C. about as equal.
D. Much less equal.
D. Much less equal.
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What are some obstacles to price discrimination that a monopolist who is protected by high barriers to entry might face?
What will be an ideal response?
What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer
What will be an ideal response?
A publishing house is using 400 printers and 200 printing presses to produce books. The printers' wage rate is $20 and the price of a printing press is $100. The last printer added 20 books to total output, while the last printing press added 50 books to total output. The publishing house
A. could produce the same number of books at a lower cost by using more printing presses and fewer printers. B. should use more printing presses because they are more productive than printers. C. is using the cost-minimizing combination of printers and printing presses. D. could produce the same number of books at a lower cost by using more printers and fewer printing presses. E. should use more printers because they are cheaper than printing presses.
The best example of a market capitalist economy is:
A) Russia. B) China before 1979. C) Cuba. D) the United States.