If there were a decreased fraction of divorced couples and an increase in the proportion of two-income families:
a. both would tend to increase measured income inequality
b. both would tend to decrease measured income inequality.
c. the decreased fraction of divorced couples would tend to increase measured income inequality, but the increase in the proportion of two-income families would tend to decrease measured income inequality.
d. the decreased fraction of divorced couples would tend to decrease measured income inequality, but the increase in the proportion of two-income families would tend to increase measured income inequality.
d
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Joe's Taco Hut can purchase a delivery truck for $20,000 and Joe estimates it will generate a net income (after taxes, maintenance and operating costs) of $4,000 per year. His other option is to go to work for someone else earning net income of $3,000 per year. He should:
A. purchase the truck if the real interest rate is less than 5%. B. not purchase the truck if the real interest rate is greater than 1%. C. purchase the truck if the real interest rate is less than 15%. D. purchase the truck if the real interest rate is greater than 5%.
For years Hugh R. Riskee enjoyed an 11% annual return on his S&P 500 mutual fund index. Last year he decided to sell his mutual fund, and invest it all in the Nasdaq 100 mutual fund index, in which he enjoyed a 14% annual return
What percent below represents the rate of his economic profit? A) 3% B) 11% C) 14% D) 17% E) 25%
Creative destruction means that
A) economic growth can only be sustained if capital depreciates rapidly. B) firms develop new products that replace old products in the economy, thereby encouraging economic growth. C) research and development should only be financed if research and development is incremental (a result of making small changes to existing products). D) knowledge capital can be created through a system of government subsidies for education and research and development.
Which of the following best expresses the payment a lender receives for lending money for three years?
A. PV/(1 + i)3 B. 3PV C. FV/ (1 + i)3 D. PV/(1+i)3