Author Question: In the figure above, the richest 20 percent of households receive ________ of total income. A) 55 ... (Read 114 times)

codyclark · **on:** Jun 29, 2018

In the figure above, the richest 20 percent of households receive ________ of total income.

A) 55 percent
B) 45 percent
C) 80 percent
D) 60 percent

Question 2

The figure above shows a local lawn cutting service's demand for labor curve when the price of cutting an acre of lawn is 50 per acre. If the wage rate rises from 100 per day to 200 per day, the firm's demand for labor curve

A) shifts leftward.
B) shifts rightward.
C) does not shift at all, but the firm moves upward along the curve.
D) None of the above because this change shifts the supply of labor curve.