The 2011 U.S. distribution of income shows that the top 20 percent of all families have
a. more than twelve times the income of the bottom 20 percent.
b. more than six times the income of the bottom 20 percent.
c. more than 100 percent more income than the bottom 20 percent.
d. the same share of income as the bottom 20 percent.
a
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In the figure above, which of the following is true?
i. Governments coordinate economic activities of households and firms. ii. Governments buy goods and services in goods markets. iii. Households pay taxes directly to firms. A) only ii B) only i C) only iii D) i and ii E) ii and iii
Which one of the following would best describe a mutual fund?
A. An investment that is available at many banks and is FDIC insured B. A company that manages a portfolio that is purchased by pooling the money of its investors C. A debt contract that is issued by a company and offers interest payment on the loan D. Ownership of shares in a corporation with no guarantee the company will be profitable