Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
A) a smaller trade sector
B) a higher rate of investment
C) higher tax rates
D) greater use of taxation to transfer income from the rich to the poor
B) a higher rate of investment
Economics
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In 2012, the bottom one-fifth of U.S. households earned ________ of the nations total income
A) just over 3% B) just under 9% C) approximately 25% D) just under 50%
Economics
Jeff's entertainment budget is divided between $8 movie tickets and $40 hockey tickets. The opportunity cost to Jeff of going to an extra hockey game is
A. four fewer $10 pizzas. B. five movies. C. 20 DVD rentals (costing $2 each). D. all of the choices are true.
Economics