Only about one out of three custodial mothers who are poor gets any child support payments
Indicate whether the statement is true or false
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Why don't some firms in monopolistic competition earn losses in the long run?
A) The firms have enough monopoly power to ensure they always earn profits. B) Free entry allows enough firms to remain in the market and maintain the critical mass of firms required to attract customers. C) Free exit implies that any unprofitable firms leave the market in the long run. D) In the long run, firms will build enough brand loyalty among customers to ensure a profitable level of sales.
A business enterprise in which employees must belong to the union before they can be hired is
A) a closed shop. B) a union shop. C) a jurisdictional dispute. D) an industrial union.
Before its IPO, Facebook was an example of a private firm. As a private firm, Facebook was
A) not subject to government regulations and taxation. B) run by stockholders and a board of directors. C) run by its founder, Mark Zuckerberg. D) not legally allowed to raise funds through venture capital firms.
In Figure 15.2, the equilibrium rate of interest
A. Is 9 percent. B. Is 6 percent. C. Is 3 percent. D. Cannot be determined from this figure.