Contrary to popular belief, the richest families in the United States became slightly poorer in recent years

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. If Row Restaurant publishes coupons, Column Cafe would earn the highest profit if it:

A. only offered coupons half of the time. B. also published coupons. C. did not publish coupons. D. chooses either strategy because Column Cafe will have the same profit in either case.

Economics

Suppose real GDP is $13 trillion and potential real GDP is $13.5 trillion. If Congress and the president increase government purchases by $500 billion, then the economy will be brought to equilibrium at potential real GDP

Indicate whether the statement is true or false

Economics

If High Tech, a computer manufacturer, has a contract with Big Chips, a computer chip manufacturer, to produce the computer chips needed for High Tech's computers, this is an example of ________.

A) forward integration B) outsourcing C) divestiture D) backward integration

Economics

Firms that offer to pay for college tuition for their employees are investing in ________ capital.

A. tangible B. social C. productive D. human

Economics