What is the percentage of income received by the upper quintile on line Y?
30
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Only corporations benefit from limited liability
Indicate whether the statement is true or false
Which of the following statements concerning pollution is correct?
A) Economic efficiency requires that pollution be completely eliminated. B) Economic efficiency dictates that the optimal amount of pollution arises at the point at which price equals private marginal cost. C) Pollution should be reduced to the point at which the marginal benefit from further reduction equals the marginal cost of further reduction. D) Pollution should be reduced to the extent necessary to return production to the production possibilities frontier.
Between 1998 and 2001, the federal budget was:
a. never in surplus. b. in surplus about as often as it was in deficit. c. in surplus. d. never in deficit.
The nominal interest rate and the real interest rate would be identical with low inflation
Indicate whether the statement is true or false