Which statement is true?
A. Most blacks live in poor neighborhoods.
B. Young black women are confronting a shrinking pool of "marriageable" (that is economically stable) men.
C. It is clear that the basic cause of poverty in this country is public assistance.
D. The United States has the smallest proportion of people living in poverty in the world.
B. Young black women are confronting a shrinking pool of "marriageable" (that is economically stable) men.
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Bubba's Hula Shack bar and bistro has begun giving customers who can show proof that they arrived at the establishment by public transportation a 10 percent discount on their total bill
All else equal, customers who arrive by public transportation to take advantage of Bubba's Hula Shack discount have a ________ for the services of the establishment than customers who drive to the establishment. A) higher price elasticity of supply B) lower price elasticity of supply C) lower price elasticity of demand D) higher price elasticity of demand
If income is equal to total spending, then in a closed economy, it is equal to:
A. consumption plus investment spending. B. savings plus investment. C. savings minus investment. D. consumption minus investment spending.
Who is the person or firm who is supposed to act on behalf of the principal as discussed in this chapter?
a. attorney b. sales person c. agent d. teachers
In the graph for the relationship between elasticity of the demand and total revenue, we can see that between five and ten units, ______.
a. total revenue is rising and marginal revenue is positive
b. total revenue is rising and marginal revenue is negative
c. total revenue is falling and marginal revenue is positive
d. total revenue is falling and marginal revenue is negative