During which year was the top 1 percent households' share of wealth higher than the top 90-99 percent share in the United States?
A. 1989
B. 1995
C. 1992
D. 1998
Answer: B
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When, because of hiring and firing costs, firms retain workers in a recession that they would otherwise lay off, there is said to be
A) labor hoarding. B) a decline in capacity utilization. C) voluntary unemployment. D) involuntary unemployment.
Considering the information in the table shown, Jack's total utility from consuming bundle D would be:
This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
A. 1,160.
B. 1,300.
C. 950.
D. 2,220.
Suppose a community is debating how much money to spend on improvements to the high school. The members of the community who have children advocate spending $20 million to make improvements. The remaining 60% of the community thinks the high school is just fine and does not want to spend anything. What will the outcome be?
The U.S. dollar bills you sometimes have in your wallet are:
A. assets of the Federal Reserve. B. your liabilities if you hold that note. C. liabilities of the Federal Reserve until it is spent. D. liabilities of the Federal Reserve.