The percentage of total before-tax household income received by the lowest 20% of households in 2011 was about ____ percent, while the top 20% received about ___ percent.

Refer to Figure 18.3. Livonia has a comparative advantage in the production of

A) pogo sticks. B) scooters. C) both scooters and pogo sticks. D) neither scooters nor pogo sticks.

Refer to the above table. The price of Y decreases from $18 to $15. What is the cross price elasticity of demand between Y and X?

A) -0.73 B) -1.0 C) +1.38 D) +1.83