If we were on curve K, the upper two quintiles received about _____% of income.
A. 25
B. 35
C. 45
D. 55
D. 55
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According to the best evidence, immigration in the U.S.:
A. Raises the wages of low-skilled native-born workers and decreases the salaries of highly-skilled native born workers B. Increases the wages of both low-skilled native-born workers and highly-skilled native born workers C. Reduces the wages of low-skilled native-born workers and increases the salaries of highly-skilled native born workers D. Reduces the wages of low-skilled native-born workers and may decrease the salaries of highly-skilled native born workers
Answer the following statement(s) true (T) or false (F)
1. Runoff from urban streets is an example of nonpoint source pollution. 2. Since acidic deposition arises around the world, it is considered to be global pollution. 3. The warmer temperatures in the Gulf of Mexico may have increased the magnitude and extent of the damages linked to the Gulf oil spill in 2010. 4. When scientists first identified the ‘ozone hole’ over the Antarctic region in the 1980s, it was less than 10 miles in diameter. 5. Concern for managing natural resources to ensure their quality and abundance for future generations is called sustainable development.
When stock prices fall significantly, people may feel less wealthy and thus decide to consume less of their current flow of disposable income. In our consumption function, this can be represented by a
A) fall in (Y - T). B) rise in T. C) rise in c. D) fall in a.
The price elasticity of demand increases with the length of the period considered because
A. consumers' incomes will increase over time. B. the demand curve will shift outward as time passes. C. consumers will be better able to find substitutes. D. all prices will increase over time.