As of 2013, to be in the top quintile for income distribution in the United States, a household needed in income at least
A. $52,000.
B. $117,000.
C. $140,000.
D. $85,000.
Answer: B
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Demand-pull inflation starts with a shift of the
A) potential GDP line leftward. B) AD curve leftward. C) AS curve leftward. D) AS curve rightward. E) AD curve rightward.
Explain the following statement: "In health insurance markets, moral hazard implies individuals will consume too much health care, whereas adverse selection implies too little health care will be consumed."
What will be an ideal response?
How are technological advance and capital formation related?
Please provide the best answer for the statement.
A consumer has spent all of his income on pizza and movies. The price of a piece of pizza is $1 and the price of a movie is $6. The marginal utility of the last piece of pizza is 5 and the marginal utility of the last movie is 24. The consumer has
A. not maximized utility. He should cut back consumption of each good. B. maximized utility. C. not maximized utility. He should cut back on pizza and buy more movies. D. not maximized utility. He should cut back on movies and buy more pizza.