Census data indicate

Assignment Help Business Economics
Reference no: EM13898701

Census data indicate that, as of 2008, the top fifth of all households receive about ________ times as much income as the bottom fifth

A. fifteen

B. twelve

C. eight

D. three

Reference no: EM13898701

Questions Cloud

After wage and price adjustments-ceteris paribus : Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find
Adaptive means that expected rate of inflation : If expectations are adaptive it means that the expected rate of inflation
Which of the distributions is closest to describing the us : Answer the Question on the basis of the following Census data. Which of the above distributions is closest to describing the United States? A, B, C, or D.
What discount rate would environmental groups argue : Suppose an environmental regulation costs $400,000 today (one time payment) and would save $1 million worth of health costs 20 years from now. a) Would you recommend the program at a discount rate of 0%? 2%? 10%? b) Which discount rate would industry..
Census data indicate : Census data indicate that, as of 2008, the top fifth of all households receive about ________ times as much income as the bottom fifth
Puts out products at an initial price : A local department store puts out products at an initial price, and every week the product goes unsold its price is discounted by 25% of the original price. If it is not sold after 4 weeks, it is sent back to the warehouse.
Is there a way to calculate the irr for each alternative : State and defend your recommendation for the selected alternative. Is there a way to calculate the IRR for each alternative? If so, is it meaningful or appropriate? Can benefit/cost ratios be computed for the three alternatives? Can discounted ..
Production process using two inputs labor and capital : A production process using two inputs, labor and capital, can be written as:  Determine the least cost combination of L and K if the firm decides to produce 1,000 tons per day. What is the total cost of producing $1,000 tons per day?
A good is not depletable : A good is not depletable if:

Reviews

Write a Review

Business Economics Questions & Answers

  Demand for money depends positively on real income

If the demand for money depends positively on real income and depends inversely on the nominal interest rate, what will happen to the price level today, if the central bank announces (and people believe) that it will decrease the money growth rate in..

  Use the definition of strict convexity

Trang has strictly convex indifference curves and is indifferent between the bundles (16, 2) and (2, 4). Use the definition of strict convexity to show that Trang prefers (9, 3) to (2, 4).

  Signals to firm owners that scarce resources

Which of the following signals to firm owners that scarce resources might be better allocated to a different industry?

  Decide that line is too long

decide how line is too long and leave without getting into line. Assume that no car that actually chooses to enter line leaves without service.

  Increased due the large defense spending

Nepal as a small open economy declared war on Germany on 4 September 1939, in which its government purchases increased and the rest of the world's government purchases also increased due the large defense spending. Then, for Nepal, holding others thi..

  First four columns represent price

The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (after change in price) for a specific  good.   Note that results should be expressed in absolute terms.  For example, -1..

  What is the average variable cost function

Suppose the restaurant’s cost function for shrimp balls is C(Q) = 2500 + Q + Q2, and the marginal cost curve is therefore MC(Q) = 1 + 2Q. What is the variable cost function? What is the average variable cost function? What is the average cost functio..

  What can we say about the price elasticity of demand for

What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of "social smokers"? Can we say whose demand is likely to be more elastic? Why?

  About the income from continuing operations

Wilcox Corporation had income from continuing operations of $800,000 (after taxes) in 2013. In addition, the following information, which has not been considered, is as follows. Present in GOOD FORM the income statement of Wilcox Corporation for 2014..

  Nominal annual interest rate compounded monthly

A local department store offers 24-month financing for a certain $1,000 appliance at an “interest rate of 9% per year”. What is the effective annual interest rate a customer would actually pay for this financing? What is the nominal annual interest r..

  Discuss possible indifference curve which could correspond

Graph the budget constraints facing each of the three families and discuss a possible indifference curve which could correspond to the choice each family makes.

  Find much information about the keynesian model

Confused and cannot find much information about the Keynesian model? According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd