Because of assortative mating, wealth becomes ________ and the distribution of wealth becomes more ________
A) more concentrated in a small number of families; equal
B) more concentrated in a small number of families; unequal
C) spread out among more families; equal
D) spread out among more families; unequal
B
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Answer the following statements true (T) or false (F)
1. The quantity supplied is inversely related to price. 2. If demand and supply increase by the same amount, equilibrium price will rise. 3. If supply increases more than demand, equilibrium price will fall. 4. A change in demand occurs whenever consumers will purchase more because of a decrease in price. 5. An increase in demand tends to increase both the equilibrium price and the amount of a commodity exchanged.
JTPA and other mainstream training programs adequately served the neediest individuals
Indicate whether the statement is true or false
The major difference between a proprietorship and a partnership is the
a. double taxation laws b. change in the liability of the owners c. profit earned d. number of owners e. ownership control over day-to-day operations
The characteristic most closely associated with oligopoly is:
A. Easy entry into the industry B. A few large producers C. Product standardization D. No control over price