Compared to their percentage shares in 1968, over the next 40 years, the percentage shares of each of the lowest four quintiles
A. rose substantially.
B. rose somewhat.
C. stayed about the same.
D. declined.
D. declined.
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Examples from the United States suggest that the cost to consumers per job saved in highly protected industries is low
Indicate whether the statement is true or false
Gross national product is equal to:
a. gross domestic product b. net national product plus depreciation. c. national income plus net personal income. d. none of the above
Which of the following is most likely to happen as the result of lower real interest rates in the United States?
a. the dollar will depreciate on the foreign exchange market and imports will grow relative to exports. b. the dollar will appreciate on the foreign exchange market, and exports will grow relative to imports. c. the dollar will depreciate on the foreign exchange market, and exports will grow relative to imports. d. the dollar will appreciate on the foreign exchange market, and imports will grow relative to exports.
If the demand for a good decreases as income decreases, then the good is a(n):
A. complementary good. B. normal good. C. substitute good. D. inferior good.