The majority of the poor are
A. Hispanic.
B. white, non-Hispanic.
C. black, non-Hispanic.
D. no one ethnic group makes up the majority.
Answer: D
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Economics assumes people
A) tend to compete more in markets than they do in government. B) tend to cooperate more in markets than they do in government. C) try to advance their own projects in market and government processes. D) try to pursue the public interest but find over time that only private interests matter.
How much is a bond that pays $40 in coupon payments for 2 years and $1,000 at the end of the fourth year worth if the interest rate is 4%?
A) $844.56 B) $924.56 C) $1,000 D) $1,123.2
Refer to Figure 4-6. What area represents consumer surplus at the equilibrium price of P1?
A) D + E B) A C) A + B + C + D + E D) A + B + C
All of the following location characteristics can result in lower worker salaries except which one?
A) unpleasant work conditions B) low cost of living C) great climate D) short commute time