If you worked 35 hours a week at a minimum wage job you could ________ a family of four above the poverty line.
A. easily keep
B. barely keep
C. not come close to keeping
C. not come close to keeping
Economics
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If the government increases its purchases of goods and services by $3,000 and the MPC is 0.8, GDP and income will eventually increase by
A) $2,400. B) $6,000. C) $15,000. D) $24,000.
Economics
At market equilibrium,
A) quantity demanded equals quantity supplied. B) shortages are greater than surpluses. C) surpluses are greater than shortages. D) demand equals supply.
Economics
A perfectly competitive firm has a random demand with a 20 percent chance of being $10, a 20 percent chance of $16, and a 60 percent chance of being $20. What is the firm's expected marginal revenue?
A) $16.00 B) $16.40 C) $17.20 D) $15.20
Economics
What is the main function of the financial system?
Economics