Since 1933, bank failures have occurred
a. frequently
b. very rarely
c. once every 3 years
d. every year
e. once every 5 years
B
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What is (are) the key characteristic(s) of the agrarian system in Sub-Saharan Africa?
What will be an ideal response?
Refer to Figure 6.1. Assume that L1 represents the budget line before a price change. Point B represents the:
A. uncompensated effect of an increase in the price of bread.
B. uncompensated effect of a decrease in the price of soup.
C. uncompensated effect of an increase in the price of soup.
D. compensated effect of an increase in the price of soup.
Why doesn't the electric company ever offer sale prices?
a. The government regulates electricity prices. b. A sale would encourage high usage and cause blackouts. c. Electricity is a necessity, so demand is inelastic. d. The electric company is greedy and does not care
Suppose that we compare shares of income earned by different U.S. groups by dividing all households into five groups. Which of the following statements about the income distribution in the United States is correct?
A. Shares of income remain roughly constant as we move from the lowest quintile to the highest quintile. B. Shares of income decrease as we move from the lowest quintile to the highest quintile. C. Shares of income increase as we move from the lowest quintile to the highest quintile. D. None of these