If we were on curve K, the poorest quintile received about _____% of income.
A. 3
B. 6
C. 13
D. 20
C. 13
Economics
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Due to various circumstances, several large firms have most of the sales in an industry. Which term describes this situation?
a. A natural monopoly b. A legal monopoly c. An oligopoly d. A cartel
Economics
Foreign demand for U.S. dollars also represents a supply of dollars.
Answer the following statement true (T) or false (F)
Economics
Which of the following is not an example of a natural resource?
A. Piece of machinery B. Forest C. Coal deposit D. River
Economics
One of the results of the limit on bank branching was:
A. curtailment of credit availability for borrowers in small towns. B. lower profits for banks. C. increased efficiency in the operations of banks. D. increased diversification in the loan portfolio of small banks.
Economics