Luther’s family earns $100,000 per year. Based on the table showing income distribution in the United States in 2017, they are in the ______.
a. bottom fifth
b. second fifth
c. fourth fifth
d. top fifth
c. fourth fifth
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The above figure shows the marginal social benefit, marginal private cost and marginal social cost of producing steel. If the market is competitive and unregulated, how much steel will be produced?
A) 0 tons B) 2 tons C) 4 tons D) 8 tons
Bond ratings
A) are published annually by the federal government and are based largely on information contained in corporate tax returns. B) are published annually by the federal government and are based on publicly available information. C) are published monthly by the federal government and are based on publicly available information. D) are published by private bond-rating agencies.
An increase in supply, other things being equal, will cause which of the following to occur?
A) quantity supplied to decrease. B) quantity demanded to increase. C) a rightward shift in the demand curve as the price falls. D) a leftward shift in the demand curves as the price increases.
Which is the correct way to calculate the unemployment rate?
A. [(Labor force)/(Unemployed)] × 100 B. [(Unemployed)/(Population)] × 100 C. [(Labor force)/(Population)] × 100 D. [(Unemployed)/(Labor force)] × 100