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TRUE/FALSE
1. Income mobility is quite robust in the United States, with more than half of all families moving up and down at the income distribution ladder and any decade.
2. your earnings in 2008 are a flow of funds measure.
3. Job-related health insurance paid by the employer is included in the Lorenz curve models of income distribution.
In which of the following ways is the private market sector similar to the public sector in terms of decision making?
Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?
Which of the following explains why a two part tariff causes customers who purchase few units to pay more per unit than customers who buy more units?
A first mover is dominating a market, with revenues of $40 million annually. The average total cost of the firm is #02 million, of which $19 million is fixed. How can the first move keep others from entering the market?
Suppose households hold $0.30 in currency for every $1 they have as demand deposits (checking accounts). Also, banks hold 20% of their deposits as reserves. If the Federal Reserve buys $10 of government bonds from banks, by how would would the follow..
"Loans are just like used cars. If you see an ad in the paper for a used car, you have to wonder, why is the owner selling it? Maybe there is something wrong with the care that is hard to see. As a result, when you approach the seller, you will want ..
Tom Brown, the controller for MicroTech Software Company, is responsible for preparing the company’s financial statements. He learns that sales for the first quarter of the year have dropped so dramatically that the company is in danger of bankruptcy..
Which type of unemployment would be affected with the following changes? Would it go up or down? a. increased unemployment benefits b. heavy snowfall in Minnesota c. online job search becomes more effective d. a large, permanent decrease in the deman..
If Congress took steps to consolidate banks, thereby reducing total number to 2500, what would you expect to happen to costs within banking industry.
Where Q is the number of cuts per week and P is the price of a hair cut. Terry is considering raising her price above the current price of $15. Terry is unwilling to raise price if the price hike will cause revenues to fall. Should Terry raise the pr..
Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes. The insulation has a life expectancy of 10 years. Determine which insul..
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. Does price equal or excee..
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