If "minority" means less than 50%, then whites are a minority.
Answer the following statement true (T) or false (F)
False
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Given the table above, suppose consumption in period two is $35,000. Then, the interest rate rises to five percent, and period-two consumption falls to $34,900. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
When considering the factor distribution of income, into whose income would corporate profits be included?
A. Owners of physical capital B. Owners of human capital C. Proprietors D. Workers.
A firm encountering economies of scale over some range of output will have a
A. constant long-run average cost curve. B. falling long-run average total cost curve. C. rising, then falling, then rising long-run average total cost curve. D. rising long-run average total cost curve.
Over the two decades leading up the 2008 crisis, ________ interest rates meant that consumers could take on ________ debt without significantly increasing the amount of debt service they had to pay.
A. falling; less B. falling; more C. rising; more D. rising; less