The average household income in the United States in 2011 was about:
A. $35,000
B. $50,000
C. $70,000
D. $100,000
C. $70,000
You might also like to view...
The benefit to the firm from hiring one additional worker is called the
A) marginal revenue product of labor. B) total revenue. C) marginal profit. D) marginal revenue.
When asset prices rise above their fundamental economic values, a(n) ________ occurs
A) asset-price bubble B) liability war C) decline in lending D) decrease in moral hazard
The percentage of people in households with income under that which is sufficient to provide a family with a minimally adequate standard of living is the
A. poverty gap. B. poverty line. C. poverty state. D. poverty rate.
The demand for money that arises so that individuals or firms can make purchases on quick notice is called the:
A. real demand for money. B. transaction demand for money. C. liquidity demand for money. D. speculative demand for money.