Author Question: Economists call the influences of the decisions of others on our decisions ________. A) peer ... (Read 71 times)

james9437 · **on:** Jun 29, 2018

Economists call the influences of the decisions of others on our decisions ________.

A) peer effects
B) moral hazard
C) externalities
D) cluster effects

Question 2

The quintile distribution of family income in the United States shows

A) the average incomes of 5-person families grouped by age, sex, race, education, and similar factors.
B) the percentage of total family income received by each 5 percent of U.S. families grouped by income.
C) the percentage of total income received by each 20 percent of U.S. families grouped by income.
D) the percentage of total family income spent on food, clothing, shelter, medical care, and essential services.
E) the percentage of total family income stemming respectively from wages, interest, profit, rent, and welfare grants or other transfers.