Which statement is true?
A. Most poor people are black.
B. Most poor people are Hispanic.
C. About one child in six lives in poverty.
D. Old people have a higher poverty rate than children.
C. About one child in six lives in poverty.
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In the table above, in terms of units of hamburgers, real income is
A) lower in case A than in cases B and C. B) lower in case B than in cases A and C. C) lower in case C than in cases A and B. D) equal in all three cases.
Assume that a lawyer and a secretary have been working together for two years. The lawyer suddenly realizes that he prepares legal briefs and types faster than the secretary. Upon learning this he decides to let his secretary go
Why might this be a mistake?
Which of the following values of the Lerner Index indicates the greatest amount of market power?
A) 0.313. B) 0.375. C) 0.6. D) 0.625.
The "division of labor" refers to
a. discrimination in labor markets b. separating a job into smaller tasks completed by different people c. one worker who divides his time among different jobs and duties d. defining a job according to the appropriate sex e. the fact that two 20-year-olds are more productive than one 40-year-old