Which statement is false?
A. Most poor women who get pregnant do so to get on welfare.
B. Most long-term poor people are black.
C. The causes of black poverty are not always the same as those of white poverty.
D. None of these statements are false.
A. Most poor women who get pregnant do so to get on welfare.
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If a single person has a standard deduction of $6,300, itemized deductions of $3,650, and a personal exemption of $4,000, then the first ________ of income is federal income tax free.
A. $13,950 B. $9,950 C. $10,300 D. $7,650
The costs in time and other resources that parties incur in the process of agreeing to and carrying out an exchange of goods or services are called
A) selling costs. B) exchange costs. C) transactions costs. D) implicit costs.
The U.S. balance of payments status may improve when
A) the inflation rate increases in the United States relative to other countries. B) political instability in other countries increases. C) the world demand for U.S. products falls. D) the American government increases its spending on foreign aid.
If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. This is known as ___________________.
a. excess supply b. excess demand c. ceteris paribus d. a price ceiling