Income mobility tells us:
A. how likely people are to seek out opportunities to better themselves.
B. the inflation rate associated with wages across all jobs in a country.
C. how available the opportunity to better oneself is in the economy.
D. the inflation rate relative to the cost of living in a country.
C. how available the opportunity to better oneself is in the economy.
You might also like to view...
A money market mutual fund is
A) essentially the same as a checking account. B) a time deposit of $100,000 or less. C) a time deposit of more than $100,000. D) a depository institution that sells shares and buys securities such as U.S. Treasury bills.
A monopoly will usually produce
A) where its demand curve is inelastic. B) where its demand curve is elastic. C) where its demand curve is either elastic or inelastic. D) only when its demand curve is perfectly inelastic.