The poverty rate for blacks is _____________ the poverty rate for non-Hispanic whites.
A. almost three times
B. about 50% more than
C. slightly higher than
D. a little lower than
A. almost three times
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In a Duopoly Nash-Cournot equilibrium,
A) neither firm has an incentive to change its output level given the other firm's output decision. B) firms will choose the pair of quantities above the intersection of the two best response functions. C) firms will choose the pair of quantities below the intersection of the two best response functions. D) firms will choose its quantity regardless of the other firm's output decision.
You paid $35 for a ticket (which is non-refundable) to see SPAM, a local rock band, in concert on Saturday. Assume that $35 is the most you would have been willing to pay for a ticket. Your boss called, and she is looking for someone to cover a shift on Saturday at the same time as the concert. You would have to work 4 hours and she would pay you $11/hr. The psychic cost to you of working is $2/hr. What is the opportunity cost of going to the concert?
A. $35 B. $36 C. $9 D. $1
Which of the following type of firm is not a price taker in the market in which the firm buys its inputs?
a. Perfect competition. b. Monopsony. c. Oligopoly. d. Monopoly.
Real-world accuracy of the money multiplier can be affected by:
a. the amount of loans provided by nonbanks. b. the way the public divides its holding of M1 between currency and certificates of deposit. c. the willingness of banks to loan excess reserves. d. all of these.