How much is the percentage of income received by the highest quintile on line R?
39.5
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The owner of a garage makes large contributions to a politician who is seeking the office of state governor. If his candidate wins, he will get the contract, which now resides with a competitor, to repair State Police vehicles. This is an example of
A. moral hazard. B. externality. C. rent seeking. D. investment.
The economy of the United States would best be classified as:
a. closed economy b. socialism c. command economy d. A market system
Which of the following is an example of a negative externality?
A. A Japanese company begins to produce cars and earns large profits. B. An employee of a chemical company spills acid on his arm, causing severe damage. C. John plants fruit trees in his front yard, which attracts bees, which sting neighbor Mary. D. Sally buys coffee at McDonald's, spills some on her, and burns her arm.
Banks do not hold a lot of their assets in the form of cash mainly because of:
A. it can encourage employee theft. B. the fear of being robbed. C. regulation. D. the opportunity cost of holding cash; cash does not earn interest.