Which of the following observations concerning poverty rates in America is true?
a. Major increase in poverty in the decade from 1963 to 1973.
b. It hit an all-time low by 1983.
c. The economic boom of the 1990s restored it almost to its 1970s levels.
d. It decreased from 2007 to 2009.
c
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Just because a firm can deter entry by a competitor does not mean it will deter entry.
Answer the following statement true (T) or false (F)
Oligopolistic firms never collude because they have almost no incentive to do so
a. True b. False Indicate whether the statement is true or false
Which of the following are scarce?
A) information B) time for recreation C) clean air D) all of the above
Federal tax and expenditure programs:
A. are not effective means of redistributing income in the United States. B. are somewhat effective means of redistributing income in the United States. C. have worsened the inequality of income in the United States. D. have dramatically equalized income in the United States.