How much is the percentage of income received by the highest quintile on line R?
39.5
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Assume Roger's income to spend on books and movie tickets is $48, and his budget constraint is represented by line B. What would cause his budget constraint to move to A?
A. Roger gets a raise at work.
B. Roger gets unlimited coupons for $2 off the price of a movie ticket.
C. The price of movie tickets increases to $8.
D. None of these changes would cause Roger's budget constraint to move from B to A.
What is the source of the demand for loanable funds in the open-economy macroeconomic model?
When economists speak of scarcity, they are referring to the
A) condition in which society is not employing all its resources in an efficient way. B) condition in which people's wants outstrip the limited resources available to satisfy those wants. C) economic condition that exists in only very poor countries of the world. D) condition in which society produces too many frivolous goods and not enough socially desirable goods.
A network linking six users is typically:
A. less than three times as valuable as a network linking two users. B. three times as valuable as a network linking two users. C. less likely to exhibit bottlenecks than a network linking two users. D. more than three times as valuable as a network linking two users.