As of 2007, the Median Income Was Highest for __________

question 61

Multiple Choice

As of 2007, the median income was highest for __________ families and lowest for __________ families.

• A) Asian / black and Hispanic
• B) black / white and Asian
• C) Hispanic / white and black
• D) white / black and Hispanic

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Definitions:

Demand

An economic principle referring to a consumer's desire and willingness to pay a price for a specific good or service.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with transferability rights.

Time

The indefinite continued progress of existence and events in the past, present, and future regarded as a whole.

Condition

A specific requirement or stipulation that affects or determines the outcome or validity of a legal agreement.