Since 1970, the share of income in the
A. lowest quintile has increased and the share in highest has decreased.
B. lowest quintile has decreased and the share in highest has increased.
C. lowest quintile has increased and the share in highest has increased.
D. lowest quintile has decreased and the share in highest has decreased.
Answer: B
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According to William Shepherd, in the U.S. economy
a. Herfindahl indexes have been increasing, indicating a decrease in competitiveness b. Herfindahl indexes have been decreasing, indicating a decrease in competitiveness c. the market share of the largest manufacturing firms has increased, indicating a decrease in competitiveness d. competition has decreased because of exports, regulation, and insufficient antitrust activity e. competition has increased because of more imports, deregulation, and antitrust activity
Due to the private nature of bank ownership, there is often a difference between bankers' goals and macroeconomic objectives
a. True b. False Indicate whether the statement is true or false