The poverty rate for blacks is _____________ the poverty rate for non-Hispanic whites.
A. almost three times
B. about 50% more than
C. slightly higher than
D. a little lower than
A. almost three times
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Most economists view capital controls:
A. favorably, since having them makes capital markets more efficient. B. favorably, since this is the main way for countries to exploit their comparative advantage. C. unfavorably. D. unfavorably, emphasizing their harmful effects on developing countries.
According to Keynes, an individual's level of saving is primarily determined by
A. real Gross Domestic Product (GDP) for the economy. B. the interest rate. C. the individual's expectation about the stock market. D. the individual's current level of real disposable income.
Combining commercial banking and investment banking in the same organization produces a risk for that organization
A) that must be above that of investment banking. B) that is the same as investment banking, the riskier of the two activities. C) somewhere in between the risk of the two activities. D) that may be below that of commercial banking.
Refer to the payoff matrix above. Which of the following is the iterated elimination of dominated strategies outcome of the game?
A) Middle/High
B) High/High
C) Low/High
D) Low/Middle