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Question
Approximately ________ percent of the total national income is owned by the poorest 40 percent (bottom two quintiles) of households in the United States.
a. 3
b. 7
c. 12
d. 20
e. 40
Answer
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Related questions
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The economic entity most likely to engage in price gouging is
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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b. Prices in the legal market in the community with a binding price ceiling will fall.
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Q:
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Q:
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