The poverty rate in the United States was:
A. 12 percent in 2011.
B. higher in 2011 than in 1960.
C. about the same in 2011 as in 1993.
D. nearly 20 percent in 2011.
Answer: C
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Since 1959, the U.S. has experienced severe recessions in which three periods?
a. 1964-65, 1981-82, and 1990-91 b. 1974-75, 1981-82, and 2008-09 c. 1960-61, 1974-75, and 2008-09 d. 1960-61, 1981-82, and 2008-09 e. 1969-70, 1981-82, and 2008-09
Monopoly Industry is one where
a) There is only one producer. b) There are several producers. c) There are significant barriers to the entry of new firms. d) There is one producer and there are barriers to the entry of new firms.
A hollow corporation
A. makes goods abroad and ships them to the United States. B. makes goods in the United States and ships them abroad. C. imports foreign goods and puts its own name on them. D. makes goods in the United States and has them sold abroad under another company's name.
The economizing problem faced by a society is
A. to establish prices that are fair for both producers and consumers. B. a consequence of the fact that productive resources are scarce relative to economic wants. C. to achieve a more equitable distribution of income in the society. D. that product prices often rise more rapidly than incomes of consumers.