How much is the percentage of income received by the lowest quintile on line R?
11.5
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When government gives a subsidy to buyers of good X, the benefits of the subsidy flow to
a. the buyers of good X only. b. the sellers of good X only. c. the buyers and sellers of good x equally. d. both the buyers and sellers of good x, and the distribution of the benefits will be dependent on the elasticity of demand and the elasticity of supply.
The larger the marginal propensity to save,
A) the smaller the multiplier. B) the larger the multiplier. C) the smaller the change in Real GDP, given a change in autonomous consumption. D) a and c E) none of the above
Economists have found that union workers earn what percent more than similar nonunion workers?
a. 0 to 5 b. 5 to 10 c. 10 to 20 d. 20 to 30
A productivity increase is illustrated by a shift in the production function
A. downward. B. leftward. C. upward. D. rightward.