What is the percentage of income received by the upper two quintiles on line K?
70
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By focusing the customers on the price of a product, you make
a. The demand for the product more inelastic b. The customers less price sensitive to the product c. The demand for the product more elastic d. Only B&C
In long-term job attachments, a worker's wage:
a. always exceeds his productivity. b. always falls below his productivity. c. is lower than his productivity at the beginning, then equals it, and then exceeds the same. d. is higher than his productivity at the beginning, then equals it, and then falls below the same.
According to the textbook, the private provision of television programming may not be socially optimal because:
A. the government strictly regulates the market. B. consumers don't pay for broadcast television. C. programs are chosen on the basis of audience size rather than the value to the audience. D. most consumers don't like watching television commercials.
The multiplier principle is built on the premise that one person’s spending is another person’s
A. debt. B. obligation. C. income. D. saving.