Lyndon Johnson’s “War on Poverty” started in the 1980s.
Answer the following statement true (T) or false (F)
False
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Explain whether the following are examples of externalities
a. Alisha did not sleep well because her neighbor was playing loud music. b. Rochelle was late for a job interview because her alarm did not go off. c. José, who is allergic to pollen, is sick from the flowers that grow in his garden.
Perfect price discrimination is
A) realistic. B) practiced by many firms. C) a purely theoretical possibility. D) very common.
Foreign exchange market intervention is most effective when:
a. each country's political leaders agree to cooperate fully with the process. b. leading economists in each country concur that intervention is needed. c. permanent differences between the free market exchange rate and the fixed exchange rate are expected. d. temporary differences between the free market exchange rate and the fixed exchange rate are expected. e. all the countries restrict the international movement of goods and services.
If we know average total cost and the amount of output, then we can always calculate total cost by
A) adding average total cost and the amount of output. B) subtracting the amount of output from average total cost. C) multiplying average total cost by the amount of output. D) dividing average total cost by the amount of output.