Which of the following countries has lower income mobility than the United States?
A. Both of these countries have lower income mobility than the United States.
B. Germany
C. Neither of these countries have lower income mobility than the United States.
D. United Kingdom
Answer: D
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A) value of marginal product; wage rate B) total revenue; total cost of labor C) marginal product; total cost of labor D) marginal product; marginal revenue
If price elasticity is less than one, then demand is said to be inelastic
Indicate whether the statement is true or false
One difference in the creation of a corporation as opposed to other forms of business is that a corporation
a. requires the receipt of a state charter b. must receive a federal charter c. must have at least 10 employees d. must operate in at least two states e. must produce at least two products
Explain why the timing of fiscal policy may be more difficult than the timing of monetary policy
What will be an ideal response?