35 In order for someone to cancel cable service the cable co

35. In order for someone to cancel cable service, the cable company requires customers to This is either stand in line to return their modem boxes or pay for the cost of the device. an example of: A) a teaser strategy B) a switching cost C) bundling D) intertemporal pricing 36. Which statement is most likely to be a true one? A person with a high income will have high wealth. A person will typically maximize their income right before he or she retires at around age 65. Wages are the most common form of income in the U.S. economy The richest quintile of Americans control about three times as much wealth as the lowest quintile A) B) C) D) 37. Suppose that the five residents of a small village have the following incomes: $10,000; $20,000; S30,000; $40,000; $50,000. The proportion of total income earned by the lowest two quintiles is and the proportion earned by the highest two quintiles is A) 30% 90% B) 2090; 100% C) 30%; 4090 D) 20% 60% 38. The poverty thresholds in the United States are largely based on an adjusted measure of prices of which category or categories of goods? A) housing and transportation B) housing C) food and health care D) food 39, If the poverty threshold for a household of 3 persons is $20,000 and the Shermans earn $22,000, they would be classified as: A) severely poor. B) poor. C) near poor. D) not poor.

Solution

Answer:

35) b. a switching cost

36) d. The richest quintile of Americans control about three times as muc wealth as the lowest quintile.

37) d. 20%;60%

38) d. Food