The poorest 20 percent of the U.S. population received approximately ____ of total income
a. 5 percent
b. 10 percent
c. 15 percent
d. 20 percent
a
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Assume that there is an increase in perceived bankruptcy risk. As a result of this we would expect to see
a. income and interest rates to rise. b. money demand and interest rates to fall. c. money demand and interest rates to rise. d. money supply to rise and interest rates to fall.Figure 7-1
For activities in which the benefits are concentrated and the costs widespread, governments are likely to undertake
a. too little of these activities relative to what would be efficient. b. too much of these activities relative to what would be efficient. c. exactly the amount of these activities that would be efficient. d. none of these activities.
Given the information in the graph above, is the firm in the short run or the long run?
In a capitalistic economy:
A. consumers are not sovereign. B. there is a reliance on the market system. C. markets are not competitive. D. the government owns the means of production.