Which of the following explains the increase in income inequality since 1980?
A) A widening gap between the wages of skilled and extensively-educated workers and the wages of those with fewer skills and less education
B) A rise in the number of single-parent families at low income levels and a rise in two-parent two-earner families at higher income levels
C) An increase in the supply of less-skilled workers combined with an increase in demand for more highly-skilled workers
D) All of the above.
D
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Refer to Scenario 5.9. The value to Torrid Texts of complete information is
A) $0.25 million. B) $0.5 million. C) $1 million. D) $14.75 million. E) $30 million.
Total agency costs are
A. the monitoring costs plus out-of-pocket costs. B. out-of-pocket costs plus residual loss. C. out-of-pocket costs minus residual loss. D. the monitoring costs plus residual loss.
The "donut hole" in Medicare Part D coverage refers to the fact that
A. coverage begins with the first dollar of prescription drug spending, then drops to zero after a particular level of spending, and then increases again. B. coverage ends for those who spend a great deal on prescription drugs. C. coverage begins only after individuals pay a significant portion of their prescription drug costs. D. police are covered more generously than firefighters.
Number of FigsVCMCAVCFCTCATC0???100??19090????2?????1353??80???4????400?
Table 5.4 presents the cost schedule for David's Figs. If David produces four figs, David's average total costs are:
A. $60. B. $75. C. $100. D. $400.