The "mode" household income is
A) the income that separates households into two equal groups.
B) the most common level of household income.
C) the mean household income.
D) the average household income.
B
You might also like to view...
Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) If business income is total output minus total labor cost, then business income in country B after emigration occurs:
A. Increases by area vqsw
B. Increases by area qsr
C. Decreases by area qsr
D. Decreases by area vqsw
In monopolistic competition, in the long run firms have
A) a capacity shortage. B) excess capacity. C) an economic profit. D) an economic loss.
Burns (1934) argued that retardation and decline in some industries are
(a) healthy for a growing and developing economy because resources are released for use in productive sectors. (b) healthy only for the competitors of the declining industries. (c) unhealthy for a growing economy because resources are idle in the declining industries. (d) unhealthy for a growing economy because the released resources are used unproductively by the competitors of the declining industries.
Technological change is decreasing competition in the market for media
a. True b. False