Based on the table showing income inequality in the United States, the proportion of income earned by the lowest fifth of Americans was greatest in ______.
a. 1935
b. 1950
c. 1960
d. 1970
d. 1970
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When the price of a good is
A) below the equilibrium price, quantity supplied exceeds quantity demanded and price rises. B) below the equilibrium price, quantity demanded exceeds quantity supplied and price falls. C) above the equilibrium price, quantity supplied exceeds quantity demanded and price falls. D) above the equilibrium price, quantity demanded exceeds quantity supplied and price rises.
"Institutionalization" refers to the fact that a(n) __________ percentage of funds in the United States are flowing __________ the financial markets through financial intermediaries
A) increasing; indirectly into B) decreasing; indirectly into C) increasing; indirectly out of D) decreasing; directly out of
The cost a business faces when changing prices in response to an economic shock is called
What will be an ideal response?
A factor of production is the same as:
A. the amount of a good produced. B. the price of a good. C. an opportunity cost. D. a resource.