There are ________ Americans in local, state, and federal prisons and jails.
A. 200,000
B. 10,000,000
C. 100,000,000
D. 2,300,000
Answer: D
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If Ripco owns the building where it operates, then if
a. the firm pays no rent, there is no opportunity cost b. the firm does not rent the building to anyone else, there is no opportunity cost c. the firm pays no rent, there is an opportunity cost d. its usage of the building precludes it from renting to anyone else, there is an opportunity cost e. the firm could use the building for other things, there is no opportunity cost
If firms in a monopolistically competitive market are earning negative economic profits, the demand curve of a single firm will likely:
A. shift right, as other firms leave the industry. B. shift left, as other firms leave the industry. C. shift right, as other firms enter the industry. D. shift left, as other firms enter the industry.
Describe any three price indices published by the Bureau of Labor Statistics that are not based on baskets of consumer goods
One World View article, "The Risks of China's Foreign-Exchange Stockpile," states that
A. The reserves of foreign exchange in China can cause inflation in China. B. China's reserves of currency can cause deflation in China. C. The dollar is undervalued. D. The trade imbalance is due to an overvalued yuan.