The richest 10 percent of U.S. houses hold more than two-thirds of all wealth. The problem with this statement is that
A. it is based entirely on nonhuman wealth.
B. it is based entirely on human wealth.
C. it does not consider an individual's current income.
D. it does not consider private and public pension plans.
Answer: D
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Why are inputs not included in the calculation of the gross domestic product?
What will be an ideal response?
If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries
A) we will move up along the long-run aggregate supply curve. B) we will move down along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
What is the percentage of the lower two quintiles earned on line Y?
The maximization of profit and the minimization of losses is the primary factor affecting the economic decision making of:
A. entrepreneurs. B. workers. C. consumers. D. public officials.