The richest 20 percent of the families in the United States receive approximately ________ percent of total income.

The term "import" refers to:

a. a purchase of goods or services from another country. b. a business transaction between two or more domestic firms. c. a sale of goods or services to another nation. d. a tax on foreign merchandise. e. a trade agreement between two industrial countries.

A monopoly restricts output and charges a higher price than other types of firms

a. True b. False Indicate whether the statement is true or false