Most studies indicate that the degree of income inequality in the United States has
a. been increasing in recent decades.
b. been declining in recent decades.
c. been constant since 1970.
d. fluctuated widely from year to year.
A
Economics
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The most important function of middlemen is to
A) act as marketing agents for producers. B) expand the number of jobs in the economy. C) produce valuable information and lower transaction costs. D) protect consumers from exploitation. E) stand between buyers and sellers to control markups.
Economics
After sugar refiner has produced fine sugar for baking purposes, what is left over is used to produce molasses. This technology exhibits
a. Economies of scale b. Economies of scope c. Diseconomies of scale d. Diseconomies of scope
Economics