Which one of the following is not true about poverty in the United States?
a. The percentage of the population below the poverty line has decreased significantly since 1960 in the U.S., but not for every racial group
b. Blacks and Hispanics are disproportionately poorer.
c. Over half of single-mother headed households are considered to be poor.
d. Young families and large ones are at a high risk of living in poverty.
e. It has declined steadily since 1960.
A
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A market has ten firms, whose market shares are given in the table above
a) If firms I and J wanted to merge, according to the Department of Justice guidelines, would the Department of Justice challenge the merger? b) If firms A and B wanted to merge, according to the Department of Justice guidelines, would the Department of Justice challenge the merger?
During the bank panics of the Great Depression the excess reserve ratio
A) increased sharply. B) decreased sharply. C) increased slightly. D) decreased slightly.
Refer to Table C_6. Assuming MPC=0.75, the break-even level of disposable income=____. (Do not enter a $ sign. Include a negative sign, if a negative number)
Assumptions that output is fixed and factor prices have adjusted to reach the level of full employment are:
a. useful for long-run analysis. b. necessary for short-run analysis. c. unrealistic to the extent that economists should not make such assumptions. d. always true and therefore useful both in the long run and short run.