Poverty rates among the elderly are:
A. much lower than poverty rates among children.
B. higher than the poverty rates among children.
C. approximately the same as the poverty rates among children.
D. rising more rapidly than the poverty rates among children.
Answer: A
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If one job applicant truthfully reveals that they subscribe to an industry publication, the job applicant is
A) using the trade publication as a screening tool. B) using the trade publication as a signaling tool. C) using the trade publication as a form of statistical discrimination. D) using the trade publication for the wrong reasons.
The difference between the gross public debt and the net public debt is
A) the sum of all previously accumulated government budget deficits and surpluses. B) the sum of all previously issued U.S. government securities that have been purchased by foreign residents. C) all private-sector borrowing from private sources. D) all government interagency borrowing.
The demand curve facing a perfectly competitive firm is
a. perfectly elastic b. perfectly inelastic c. unit elastic d. downward-sloping e. identical to the industry demand curve
A monopolist will operate where
a. MR = MC and charge a price equal to marginal revenue. b. MR = MC and charge a price equal to marginal cost. c. MR = MC and charge a price corresponding to demand at that level. d. MC = MR and charge a price corresponding to average cost.