How much is the percentage of income received by the lowest quintile on line R?
11.5
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Which of the following best illustrates the mutual interdependence among firms in the airline industry?
A) The considerable efforts made by the various competitors to coordinate fare increases. B) The unwillingness of individual firms to match increased amenities offered by other firms. C) The substantial profits airlines have earned over the past several years. D) The virtual absence of control over costs by any of the firms operating in the industry.
Which of the following statements about U.S. unemployment is true?
a. All racial groups experience approximately the same rate of unemployment. b. Black and white teenagers experience equally high rates of unemployment. c. Blacks as a group experience higher rates of unemployment than do white teenagers. d. Blacks experience higher rates of unemployment than do Hispanics. e. White teenagers experience higher rates of unemployment than do any other group in the population.
Why do elephants face the threat of extinction while cows do not?
a. Cattle are a valuable source of income for many people, while elephants have no market value. b. There is a high demand for products that come from cows, whereas there is no demand for products that come from elephants. c. There are still lots of cattle that roam free, while all elephants live in zoos. d. Cattle are owned by ranchers, while elephants are owned by no one.
The basic truth that underlies the study of economics is the fact that we all face:
A. Death B. Taxes C. Risk D. Scarcity