Refer to Table 21.1. What is the median income on Richlandia?
A) $40,000
B) $69,000
C) $75,000
D) $85,000
C
You might also like to view...
When a country's imports are larger than its exports, the country is running a trade deficit
Indicate whether the statement is true or false
If a bank’s assets are $500 million and its liabilities are $380 million, then its net worth (bank capital) is ____________________. If the bank’s assets then rise by 6 percent at the same time that its liabilities rise by 5 percent, the percentage change in the bank’s net worth will be approximately _______________ percent.
A. $440 million; 10.2 B. $120 million; 1.2 C. $100 million; 11.2 D. $120 million; 9.2
Which of the following would be classified as unemployed
What will be an ideal response?
Suppose two firms are in a game situation, and they each must decide on a strategy regarding whether to select a high price or a low price. Profits for a firm are highest when it selects a low price, while the other selects a high price; profits are lowest if one selects a high price, while the other selects a low price; profits are in between when both select low prices; and profits are slightly higher when both select high prices. In the absence of collusion we expect
A. one of the firms to select a high price and the other a low price. B. one firm to select a high price and the other a low price in the first period, followed by a reversal in the second period. C. both to select high prices. D. both to select low prices.