Over the last 50 years, the rich have:
A. become relatively poorer, and the poor have become relatively poorer, too.
B. become richer, and the poor have become poorer.
C. become richer, and the poor have become richer, too.
D. become relatively poorer, and the poor have become relatively richer.
Answer: C
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Suppose the market for Blu-rays has the demand and supply schedules shown in the table above. What is the equilibrium price and the equilibrium quantity in this market? Suppose the current price is $12.00
What is the quantity of Blu-rays sold? Explain. Is there a shortage or a surplus? How big is it? Explain.
A foreign exchange intervention that lowers the exchange rate will also ________
A) increase the real interest rate B) decrease the money supply C) increase investment D) decrease international reserves
A vertical line always has a slope of one.
Answer the following statement true (T) or false (F)
If ATC is falling, then MC must be:
a) rising. b) below ATC. c) equal to ATC d) above ATC. e) falling.