Which of the following countries has higher income mobility than the United States?
A. Canada
B. France
C. Denmark
D. All of these countries have higher income mobility than the United States.
D. All of these countries have higher income mobility than the United States.
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If the quantity of a good exchanged increased, a. It would also increase the price if it was caused by a shift in demand
b. It would also increase the price if it was caused by a shift in supply. c. We would not know how price would change if we didn't know whether it was due a shift in demand or a shift in supply. d. Answers a. and c. would both be true.
During the financial crisis of 2007-2009 the interest rate spread on mortgage-backed securities over Treasury bills
a. increased tremendously. b. increased moderately. c. decreased moderately. d. decreased tremendously.
Economists at the Department of Justice
a. track the behavior of the nation's money supply. b. advise Congress on economic matters. c. help enforce the nation's antitrust laws. d. prepare the federal budget.
When we move along a given supply curve,
a. only price is held constant. b. technology and price are held constant. c. all nonprice determinants of supply are held constant. d. all determinants of quantity supplied are held constant.