According to the text, the highest 20 percent of U.S. income households earn about what percentage of total income today?
A. 50 percent
B. 10 percent
C. 25 percent
D. 95 percent
Answer: A
You might also like to view...
If a pair-wise majority vote was held and the voters' preferences are shown in the table, assuming transportation and the zoo was the first pair to be voted on, which option would win overall?
A. Public transportation
B. Public parks
C. Public zoo
D. Public parks and zoo.
The government sometimes provides public goods because
a. private markets would not produce any of the goods. b. private markets would not produce the efficient quantity of the goods. c. private markets would charge too high a price for the goods. d. the government produces public goods more efficiently than private markets can.
Since the Fed faces uncertainty regarding effects of its policies, the Fed usually proceeds:
A. forcefully to ensure a desired effect. B. only after a recession is statistically proven to exist. C. only after fiscal policy polices have been enacted. D. cautiously with only small changes in the interest rate.
If due to inflation the real value of your savings makes you worse off than you were before, this is an example of the _____ effect
Fill in the blank(s) with the appropriate word(s).