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 88 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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

For a complete list of videos, visit our video library