Of age, marital status, family size, education, and race, which is the single biggest factor affecting the household income distribution?
What will be an ideal response?
The single most important factor affecting the distribution of income is education, with more highly educated people earning significantly more than less-educated people.
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A price-discriminating monopoly is a monopoly that
A) sells its output at a single price to all of its customers. B) sells different units of a good or service at different prices. C) has control over the resources used to produce the product. D) has a license to sell the product. E) illegally charges different customers different prices for the good it produces.
The evidence on the interest sensitivity of the demand for money suggests that the demand for money is ________ to interest rates, and there is ________ evidence that a liquidity trap exists
A) sensitive; substantial B) sensitive; little C) insensitive; substantial D) insensitive; little