In which year was the poverty rate the lowest?
A. 1960
B. 1973
C. 1984
D. 1993
B. 1973
You might also like to view...
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
Using the data in the table above, if the price of a stapler is $5, then there is ________ of staplers, and the quantity of staplers demanded ________ the quantity of staplers supplied
A) a shortage; is greater than B) a surplus; is less than C) a shortage; is less than D) a surplus; is greater than E) neither a surplus nor a shortage; equals
Over the long term, the ultimate determinant of the price of a depletable resource is the
A) extraction cost. B) user cost. C) demand. D) availability of substitutes. E) cost of finding new reserves.
If Joe says that nothing comes close to a Pepsi, his demand for Pepsi is likely to be
a. relatively price elastic b. relatively income elastic c. relatively price inelastic d. unit elastic e. infinitely elastic