In the United States, do the poorest 20 percent of the households receive more or less than 5 percent of total income?
What will be an ideal response?
The poorest 20 percent of households receive less than 5 percent of total income.
Economics
You might also like to view...
Define efficiency wages
Economics
The value today of a specific sum of money to be received in the future is referred to as:
A. the future value of that sum of money. B. the present value of that sum of money. C. compound interest. D. the time-value of money.
Economics
A profit-maximizing firm will hire workers up to the point at which
A) MRP < MFC. B) MRP = MFC. C) MRP > MFC. D) MRP = MPP.
Economics
Refer to the diagram. If this industry is comprised of only one seller, the profit-maximizing price and quantity will be:
A. P 3 and Q 3 .
B. P 1 and Q 3 .
C. P 2 and Q 2 .
D. indeterminate on the basis of the information given.
Economics