Inheritance accounts for about
A) 5 percent of income inequality.
B) 10 percent of income inequality.
C) 15 percent of income inequality.
D) 30 percent of income inequality.
B
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In the United States from 1981 to 2013, deaths from ________ increased largely due to the effects of increasing obesity
A) cancer B) diabetes C) strokes D) heart attacks
________ is the narrowest monetary aggregate that the Fed reports
A) M0 B) M1 C) M2 D) M3
Define the following terms and explain their importance to the study of economics
a. greenhouse gases b. externality c. emissions permits d. known reserves
Which of the following is an accurate statement about a firm operating at a loss?
a. It will stay open in the short run if its total revenue does not cover variable costs. b. It will stay open in the short run if its total revenue covers variable costs but not all fixed costs. c. It will shut down in the short run if its total revenue exceeds variable costs. d. It will shut down in the short run if its total revenue cannot cover both variable and fixed costs.