The above table shows the distribution of income and wealth in Miseria. What percent of income is earned by the richest twenty percent?

The decisions General Motors makes in determining production levels for its Chevy Volt is an example of a microeconomics topic

Indicate whether the statement is true or false

Suppose an economy produces milk and honey, and milk is plotted along the horizontal axis of the production possibilities frontier. The MRT is 2 at the current point of production

If the amount of milk produced is reduced by two units in order to produce one more unit of honey, then: A) the new point of production lies above the production possibilities frontier. B) the new point of production lies on the production possibilities frontier. C) the new point of production lies below the production possibilities frontier. D) we cannot determine where the new point of production lies relative to the production possibilities frontier.