Since 1967, there has not been much change in the income of the bottom 10% of earners in the U.S. economy. This can be attributed to:
A) the adoption of labor-saving technology.
B) the cultural and social changes in the economy.
C) the adoption of labor-complementary technology.
D) the adoption of skill-biased technology by most firms.
D
Economics
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What is meant by the tragedy of the commons? Use an example to explain your answer
What will be an ideal response?
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The supply of loanable funds curve is upward-sloping because a rise in the interest rate
a. decreases the opportunity cost of firms' investment spending b. stimulates the economy c. decreases the opportunity cost to households of consuming d. increases the opportunity cost to households of consuming e. increases the government's desire to run a budget deficit
Economics