In which of the following groups of people in the U.S. would the incidence of poverty be the greatest?
A. Black families with a female head
B. All families of seven or more members
C. Farmers and farm laborers
D. Families whose head is age 65 or over
A. Black families with a female head
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If the size of the capital stock in an economy is stationary, ________.
A. gross investment is zero B. GDP is zero C. net investment is zero D. capital consumption (or depreciation) is zero
There is an inverse relationship between the price-cost margin and the level of competition in a particular industry
Indicate whether the statement is true or false
Refer to the above figure. As more and more firms are able to and actually do enter the industry, the demand curve of each firm and its marginal revenue curve
A. will become upward sloping. B. will shift inward until the demand curve is tangent to the average total cost curve. C. will become vertical. D. None of these will occur.
(Last Word) Passively managed funds produce higher rates of return for investors than actively managed funds because:
A. trading and management costs are higher with actively managed funds. B. passively managed funds invest in riskier assets that have higher rates of return. C. actively managed funds invest in riskier assets that have not reached expected rates of return. D. actively managed funds are taxed, while passively managed funds are not taxable.