Based on the table showing income distribution in the United States in 2017, the lowest earning families in the top quintile earn about ______ times as much as the highest earning families in the first quintile.
a. two to three
b. four to five
c. seven to eight
d. ten to twenty
b. four to five
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What type of good is clean air?
A) Rival and exclusive B) Nonrival and exclusive C) Rival and nonexclusive D) Nonrival and nonexclusive
In the short run with fixed prices, an increase in exports of $100 billion
What will be an ideal response?
The analytical framework in which two or more firms compete for certain payoffs that depend on the strategy that the others employ is
A) game theory. B) the concentration ratio. C) a horizontal merger. D) network effect.
Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. Figure 7.4Refer to Figure 7.4. The average product with three workers is
A. 10. B. 14. C. 30. D. 126.