According to the Pew Charitable Trust methodology for identifying the middle class, the bottom end of the middle class is ________ of median family income, and the top end is ________.
A. 67%; 200%
B. 50%; 150%
C. 100%; 200%
D. 40%; 60%
Answer: A
You might also like to view...
Under perfect price discrimination, consumer surplus
A) is less than zero. B) is greater than zero. C) equals zero. D) is maximized.
An analysis of production possibilities curves indicates that the reason why underdeveloped nations have difficulties increasing their economic growth rates is because:
a. low population growth rates mean fewer workers to produce food and other necessities. b. their production possibilities curves shift in when resources are increased. c. their production possibilities curves are positively sloped, unlike those in more developed economies. d. they must cut back their already meager consumption levels to increase capital production. e. the opportunity cost of shifting resources from consumption goods to capital goods is relatively low.
A cartel is a group of firms that: a. agree to increase industry output in order to boost profits
b. agree to restrict industry output in order to boost profits. c. agree to differentiate their products from one another. d. together control a significant portion of an industry's output, but fail to consider the behavior of rivals when making decisions.
The Golden Parachute is an instrument that aligns shareholder interests with that of management
a. True b. False