In the United States, the wealthiest 10 percent of households own about ________ of total wealth
A) 40 percent
B) 66 percent
C) 90 percent
D) 55 percent
C
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You are thinking about buying a house. You find one you like that costs $200,000 . You learn that your bank will give you a mortgage for $160,000 and that you would have to use all of your savings to make the down payment of $40,000
You calculate that the mortgage payments, property taxes, insurance, maintenance, and utilities would total $950 per month. Is $950 the cost of owning the house? What important factor(s) have you left out of your calculation of the cost of ownership?
The increased entry of women and young people into the U.S. labor force from 1960–1980 led to
a. increased unemployment. b. reduced unemployment. c. a more experienced workforce. d. a more effective monetary policy.
International trade between countries typically produces a winner and a loser. Generally, it is the economically more advanced country that gains at the expense of the less developed nation
a. True b. False
Under the Clayton Act, horizontal mergers by stock acquisition were:
a. not considered. b. illegal if they could be show to lessen competition. c. illegal under any circumstances. d. legal if they could be shown to lessen competition.