Compared to 1968, in 2008 income distribution would be considered

A. much more equal.
B. somewhat more equal.
C. about as equal.
D. Much less equal.


D. Much less equal.

Economics

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Which of the following is evidence of a surplus of bananas?

A) The price of bananas is lowered in order to increase sales. B) Firms raise the price of bananas. C) The equilibrium price of bananas rises due to an increase in demand. D) The quantity of bananas demanded is greater than the quantity supplied.

Economics

Figure 8-1 Which graph in Figure 8-1 shows a typical firm’s total revenue and total cost curves?

A. (a) B. (b) C. (c) D. (d)

Economics

Which of the following is closest to the future value of a $100 deposit earning 5 percent interest annually after 5 years?

A. $125 B. $128 C. $1,268 D. $105

Economics

Many states charge a 10-cent deposit on every can of soda sold. A purchaser pays an extra 10 cents per can and will get his or her money back by returning the empty can to a store. This policy encourages recycling by

A. lowering the willingness to pay for recycling materials. B. shifting in the demand curve for canned soda. C. raising the opportunity cost of discarding empty cans. D. taxing the production of canned soda.

Economics