About 1 out of every _____ black Americans is poor.
A. 12
B. 7
C. 4
D. 2
C. 4
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The demand curve facing a firm will be more elastic,
a. the fewer the number of competing firms b. the more differentiated the product c. the more substitutes there are for its product d. the greater the firm's ability to control price e. the larger the profit the firm can make
The excess capacity theorem states that society would clearly benefit from a reduction in the number of monopolistic competitors.
Answer the following statement true (T) or false (F)
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity demanded will be ________ microwaves.
A. 5,600 B. 5,000 C. 4,500 D. 4,000
Which of these nations has the highest rate of union membership (as a share of total employment)?
A) India B) the United States C) Japan D) Sweden