By 2000, the percentage of U.S. adults with a college diploma was _____
a. 18.7 percent
b. 21.3 percent
c. 25.6 percent
d. 29.9 percent
c
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What is the limitation of using exchange rate-based measures as indicators of the standard of living across countries?
What will be an ideal response?
A long line at the campus bookstore at the beginning of the term is an example of
A) price rationing. B) an ineffective price ceiling. C) a non-price rationing device. D) an ineffective price floor.
Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices
a. increasing; increasing b. increasing; decreasing c. decreasing; increasing d. decreasing; decreasing
This profit-maximizing (loss-minimizing) firm is making a profit or loss of about __________.
A. $480
B. $500
C. $800
D. -$450