In Alpha the lowest 20 percent of families receive approximately what percentage of income? (See Figure 33.1)
A. 5 percent.
B. 20 percent.
C. 10 percent.
D. 80 percent.
Answer: A
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The fact that it takes time for government to identify and recognize a problem is one reason for the occurrence of:
A. inside lags. B. outside lags. C. implementation lags. D. structural lags.
Refer to the information provided in Figure 16.1 below to answer the question(s) that follow. 
Figure 16.1 Refer to Figure 16.1. The ________ amount of fertilizer is 50 bags.
A. unregulated B. break-even C. equitable D. efficient
The definition of a country that is called a ________ when its stock of foreign financial assets is greater than the foreign-owned holdings of domestic assets
A) net creditor B) net debtor C) surplus nation D) deficit nation
An important difference between the situation faced by a profit-maximizing monopolistically competitive firm in the short run and the situation faced by that same firm in the long run is that in the short run,
a. price may exceed marginal revenue, but in the long run, price equals marginal revenue. b. price may exceed marginal cost, but in the long run, price equals marginal cost. c. price may exceed average total cost, but in the long run, price equals average total cost. d. there are many firms in the market, but in the long run, there are only a few firms in the market.