With respect to wealth in the United States, we presently find that the bottom 90 percent of Americans own approximately how much of the nation's wealth?

If the United States has a current account deficit with England of $1 million, and the Bank of England sells $1 million worth of pounds in the foreign exchange market, then England ________ $1 million of international reserves and its monetary base

________ by $1 million. A) gains; rises B) gains; falls C) loses; rises D) loses; falls

Which of the following statements is true with respect to nonrenewable natural resources?

a. With proper management, more natural resources can be created. b. The economy will never run out of the resource since it can always find new supplies as the price rises. c. Economists can predict with reasonable accuracy when the supply will be depleted. d. Before the last unit is taken from the earth, the economy is likely to already have abandoned it and switched to another. e. Water is an example of a nonrenewable natural resource.