About ______ percent of China's population lives in rural areas.
A. 5
B. 25
C. 50
D. 67
D. 67
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The most common way for workers to hold market power is when:
A. a monopsony exists. B. they are unionized. C. they compete for minimum wage. D. there are a lot of them.
If the national debt rises to the debt ceiling and there is currently a budget ________, the Congress and the President must agree to ________ the debt ceiling or else the federal government will have insufficient funds to pay its bills and will be forced to shut down
a. surplus, lower b. deficit, raise c. surplus, lower d. none of the above
In the early twentieth century, general stores in the upper Midwest had more power over prices because:
a. they acted as intermediaries between farmers and buyers. b. the transportation network was bad, leaving farmers and buyers with no alternatives except the general stores in small towns. c. inventories at the general stores were low and demand was high. d. stockouts were a chronic problem and there was little variety.
Crowding out suggests that debt promotes overconsumption
Indicate whether the statement is true or false