« previous next »

Author Question: What are the main characteristics of high-income and low-income households? What will be an ideal ... (Read 39 times)

folubunmi

  • Hero Member
  • *****
  • Posts: 524
on: Jun 29, 2018
What are the main characteristics of high-income and low-income households?
 
  What will be an ideal response?

Question 2

Jake sells Star Wars memorabilia on eBay. His annual revenue is 42,000 per year, and the explicit costs of his business are 10,000. What is his accounting profit?
 
  A) 10,000 B) 22,000 C) 32,000 D) 42,000
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

There are four major characteristics that influence the amount of income earned by an individual: i) Education: The more education attained by a person the higher the human capital that person has, and the more income that person enjoys; ii) Type of household: Married couples earn more, on average, than single people living alone, especially females living alone; iii) The age of householder: The oldest and youngest households have lower incomes than middle age households; and iv) Race: Individuals living in households headed by an Asian person have the highest incomes, followed by white households, Hispanic households, and then black households.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

folubunmi

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 29, 2018
Thank you


dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Deconvolution fluorescence microscopy yields high-resolution optical sections th Deconvolution fluorescence microscopy yields high-resolution optical sections th
A high-resolution model of the 50S ribosomal subunit A high-resolution model of the 50S ribosomal subunit
Eggs are an excellent source of protein, but egg yolks are high in cholesterol Eggs are an excellent source of protein, but egg yolks are high in cholesterol
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs Main mechanism of carbon dioxide transport and exchange. A lesser amount of CO2 travels to the lungs
Main body cavities that hold human organs Main body cavities that hold human organs
Video: Phlebotomy

For a complete list of videos, visit our video library