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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When U.S. real GDP increases, U.S. imports
A) increase by more than the change in real GDP. B) decrease by less than the change in real GDP. C) decrease by the same amount. D) increase by less than the change in real GDP. E) increase by the same amount.
The Bretton Woods Systems established
(a) the International Monetary Fund. (b) the International Bank for Reconstruction and Development (the World Bank). (c) the International Trade Organization (WTO). (d) all of the above.
A monopolist’s demand curve is which of the following?
a. Perfectly horizontal at the market price b. Smaller than the market demand curve c. The same as the market demand curve d. Larger than the market demand curve
Setting the prime rate of interest is an example of
A. price leadership. B. cutthroat competition. C. covert collusion. D. strong competition.