Which statement is false?
A. Crime and drugs are central to the ghetto culture.
B. Ghetto residents are more likely to be street crime victims than middle class people.
C. A basic way to reduce crime would be to alleviate poverty.
D. None of these statements are false.
D. None of these statements are false.
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The Herfindahl-Hirschman Index will indicate that a contestable market is ________
A) a sequential market B) competitive C) uncompetitive D) a prisoners' dilemma
Limit pricing in a contestable market sets the price at the highest level that ________
A) maximizes the profit of an entrant B) maximizes the profit of the existing firm C) maximizes the profit of both the existing firm and the entering firm D) inflicts a loss on an entrant
The national debt
a. exists because of past government budget deficits b. is the difference between the government's spending and revenue in a given year c. is the amount households owe on credit cards, mortgages and other loans d. is a flow variable e. is the same as the government's budget deficit
A main reason why the U.S. trade deficit grew so large from 1997 to 2000 was that
a. Congress removed all tariffs and trade restrictions on imports. b. NAFTA was introduced and Mexican exports flooded the United States. c. the international value of the dollar fell during the 1990s, which encouraged U.S. exports. d. the international value of the dollar rose in the last half of the 1990s, which encouraged U.S. imports and damaged U.S. exports.