This topic contains a solution. Click here to go to the answer

Author Question: Fact: The lowest 20 of U.S. family incomes in the U.S. has fallen from 4.8 to 3.8 between 1960 and ... (Read 70 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
Fact: The lowest 20 of U.S. family incomes in the U.S. has fallen from 4.8 to 3.8 between 1960 and 2010. Your authors argue that
 
  A) this is clear evidence that the poor have gotten poorer.
  B) this is primarily the result of a general decline of the power of labor unions in America.
  C) while their percentage of national income has fallen, real GDP has increased over 4 times during the past 50 years, and so those persons actually earned much more income than before.
  D) none of the above are true.

Question 2

Which of the following statements is true?
 
  A) Optimizers with the highest opportunity cost of time push up the rental price of apartments with the highest commute time.
  B) Optimizers with the lowest opportunity cost of time push up the rental price of apartments with the lowest commute time.
  C) As the rental prices of downtown apartments rise, only workers with the highest opportunity cost of time will be willing to rent them.
  D) As the rental prices of downtown apartments rise, only workers with the lowest opportunity cost of time will be willing to rent them.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjenn52

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

C

Answer to Question 2

C





 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

For a complete list of videos, visit our video library