In the United States, the poorest 50 percent of households own about ________ of total wealth
A) 1 percent
B) 10 percent
C) 20 percent
D) 30 percent
A
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Aggregate demand changes when government expenditure on national defense increases by $100 billion. Aggregate demand ________ by ________ than $100 billion because government expenditure ________ induced expenditure
A) decreases; more; decreases B) decreases; less; increases C) increases; less; increases D) increases; more; increases E) increases; more; decreases
The fact that returns from the stock market are less volatile over long-periods of time suggests that:
A. stock market bubbles have become more common. B. stock markets are efficient. C. people get comfortable with the stocks they own. D. investors are more risk averse over the longrun.
The typical shape of the long-run average cost curve is like
A. a circle. B. an inverse of the letter "V." C. the letter "C." D. the letter "U."
If financial intermediaries did not have the ability to pool the resources of small savers:
A. the risk associated with lending would decrease. B. the economy would grow faster. C. borrowers needing large amounts of money would find it more costly to obtain the funds. D. people would likely save more.