Child poverty is
A. much more of a problem in France, Germany, and Japan than it is in the U.S.
B. less of a problem in the United States than in Canada, Britain, or Italy.
C. more of a problem in Sweden, Denmark, and Ireland than it is in the U.S.
D. much more of a problem in the U.S. than in virtually all other industrialized countries.
D. much more of a problem in the U.S. than in virtually all other industrialized countries.
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In goods markets ________ and in factor markets ________
A) households sell to firms; firms sell to households B) firms sell to households; households sell to firms C) households sell to firms; households sell to firms D) firms sell to households; firms sell to households
Suppose you have surveyed a few industries and obtained information about the income elasticity of demand for their products
If you expect that the economy is headed for a long recession, you would advise people to look for jobs in an industry with A) a "low" negative income elasticity coefficient such as -0.2. B) a high positive income elasticity coefficient such as 5. C) a low positive income elasticity coefficient such as 0.8. D) a "high" negative income elasticity coefficient such as -4.
The idea that governments can plan growth by setting industrial policies to encourage growth of certain industries:
A. is a proven method for economic growth. B. is controversial. C. has worked for the majority of countries that have tried it. D. None of these is true.
If there is no product differentiation at? all, then the individual firm has a demand curve that is
a. perfectly inelastic and identical to the firm in perfect competition. b. slightly downward sloping and identical the firm in monopolistic competition. c. perfectly elastic and identical to the firm in perfect competition. d. unit elastic and identical to the firm in perfect competition.