In the last four decades, the share of income going to U.S. households in the top fifth of the population:

a. has declined.
b. has increased.
c. has remained the same.
d. has decreased by 50 percent.

b

Economics

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What will be an ideal response?

Economics

The United States' comparative advantage over Japan in the production of rock-n-roll music implies that (for a similar quality of music) the

A) opportunity cost of production is less in Japan. B) absolute cost of production is less in the United States. C) absolute cost of production is less in Japan. D) opportunity cost of production is less in the United States. E) None of the above.

Economics