If a nation's Lorenz curve lies on the 45 degree line of income equality, then
A. every household's income level is different.
B. more of the nation's income is received by the highest 25 percent of families than by the lowest percent.
C. the income received by each 25 percent of families is 25 percent of the total income.
D. more of the nation's income is received by the lowest 25 percent of families than by the highest 25 percent.
Answer: C
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Refer to Scenario 14-2. As a result of Kristy's deposit, checking account deposits in the banking system as a whole (including the original deposit) could eventually increase up to a maximum of
A) $8,000. B) $10,000. C) $50,000. D) $100,000.
Which of the following is true about poor populations?
A. The poor are more likely to have graduated from high school. B. There are fewer poor whites than poor blacks. C. The poor are disproportionately black and Hispanic. D. The poor are less likely to be children than the elderly.
There are no fixed costs in the long run.
Answer the following statement true (T) or false (F)
If a candidate for political office was espousing a "pro-growth" agenda and was focused on universal and free college education, this would have its greatest impact on growth through which source?
A. An increase in economic freedom B. An increase in the number of workers C. An increase in the productivity of workers D. None of these