According to the Census Bureau, in 2016 nearly ________ Americans were counted as poor.
A. 9 million
B. 1 million
C. 40 million
D. 20 million
Answer: C
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Use the following statements to answer the question:
I. Consider the problem of negotiating the price of a rug that costs $100 to make. If there are two buyers (one with a maximum willingness-to-pay of $200 and one with a maximum willingness-to-pay of $250 ), then the situation is no longer a constant sum game. II. The likely outcome from the game described in statement I is that the second buyer will bid a price slightly above $200 (e.g., $201 ) to win the rug. A) I and II are true. B) I is true and II is false. C) II is true and I is false. D) I and II are false.
"All monopolies operate with positive economic profits." Do you agree or disagree? Why?
What will be an ideal response?
Say's law was the centerpiece of
A. Keynesian economics. B. communism. C. classical economics. D. rational expectations theory.
In the foreign exchange market, as the U.S. exchange rate rises, other things remaining the same, the
A) quantity of dollars demanded decreases. B) demand curve for dollars shifts rightward. C) demand curve for dollars shifts leftward. D) supply curve of dollars shifts rightward. E) quantity of dollars demanded increases.