In the United States, long-term poverty affects
a. more families than short-term poverty.
b. an equal number of families as short-term poverty.
c. slightly fewer families than short-term poverty.
d. many fewer families than short-term poverty.
d
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Suppose that a new study is released stating that consumption of orange juice (a substitute for apple juice) reduces the risk of cancer, and a major freeze destroys half of the country's apple cro
A) The price of apple juice might rise or fall and the quantity of apple juice falls. B) The quantity of apple juice might rise or fall, and the price of apple juice rises. C) The price of apple juice falls and the quantity of apple juice falls. D) The price of apple juice might rise or fall and the quantity of apple juice rises.
Which statement is true?
A. Our rate of productivity increase was greater in the 1980s than the 1960s. B. The key to productivity growth is an increasing labor force. C. Rising productivity could come about with the same output from fewer units of input. D. We have a higher growth rate than the Chinese even though they have a higher savings rate.
You hire a set of economic consultants and they tell you the following: At a price of $5, 24 units of the good could be sold; at a price of $7, 25 units of output could be sold. The marginal revenue of the 25th unit of output is
a. $14 b. $55 c. $6 d. $168 e. $175
If the U.S. put an import quota on clothes dryers, it would
a. raise U.S. net exports of clothes dryers and raise net exports of other U.S. goods. b. raise U.S. net exports of clothes dryers and lower net exports of other U.S. goods. c. lower U.S. net exports of clothes dryers and raise net exports of other U.S. goods. d. lower U.S. net exports of clothes dryers and lower net exports of other U.S. goods.