Which is the most accurate statement?
A. The federal minimum hour wage rate puts millions of Americans above the poverty line.
B. Most black families live below the poverty line.
C. In 2008 the poverty rate was higher than it was in 2006.
D. Welfare Reform basically eliminated poverty as a major socioeconomic problem.
C. In 2008 the poverty rate was higher than it was in 2006.
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Your weekly budget for gasoline and movie rentals is $45.00. Referring to the figure above, what is the price per movie rental?
A) $2.00 B) $2.25 C) $2.50 D) $3.00
Which of the following is true?
a. In a competitive capital market, private investors have a strong incentive to evaluate projects carefully and allocate their funds toward those projects expected to yield the highest rates of return. b. In a competitive environment, profitable investment projects will tend to increase the wealth of the nation. c. When investment funds are allocated by governments (rather than capital markets), political clout rather than the expected rate of return will generally determine which projects are undertaken. d. All of the above are correct.
An increase in the price level in the economies of U.S. trading partners will cause the aggregate expenditures function in the United States to
A. shift up. B. shift down. C. get flatter. D. get steeper.
All of the following countries have been described as socialist economies, except
A. Norway. B. France. C. Sweden. D. The United States.