Which of the following statements is most accurate about the role of minorities in the U.S.?
a. The armed services were desegregated before World War II.
b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas.
c. During World War II, there was a large increase in demand for hiring highly skilled Japanese-Americans.
b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas.
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The purchase of stocks and bonds issued in another country is known as foreign direct investment
Indicate whether the statement is true or false
The marginal benefit of pollution abatement is the
A) additional cost to clean up an additional unit of pollution. B) additional benefit from cleaning up an additional unit of pollution. C) total social costs of pollution clean-up divided by total social benefits. D) total social costs of pollution clean-up divided by the total units of clean-up.
A market requires
A. government intervention. B. sellers only. C. buyers and sellers. D. buyers only.
The gains from consumer surplus and producer surplus occur when
A) both consumers and producers engage in voluntary exchange. B) consumers are willing to buy a good but producers are not willing to provide it. C) producers are willing to provide a good but consumers are not willing to pay for it. D) the government supplies the good instead of firms.