Which one of these groups has the highest poverty rate?
A. The elderly
B. Children
C. White males over 50
D. Working class women
B. Children
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Which of the following is not discussed as a job of a vehicle currency?
A) cross-border bank transactions B) international money market funds C) international bonds and notes D) All of the above are vehicle currency uses.
Liens __________ the moral hazard problem since the borrower is then __________ to sell the affected assets at its discretion
A) worsen; able B) worsen; unable C) ease; able D) ease; unable
Firms will hire additional workers as long as the wage:
A. equals the marginal product of labor. B. is less than the value of the marginal product of labor. C. is greater than the marginal product of labor. D. is less than the marginal product of labor.
The demand for classical music is ________ than is the demand for Beethoven's music because ________.
A. more price elastic; classical music requires a smaller portion of one's income B. less price elastic; classical music requires a smaller portion of one's income C. less price elastic; the scope of the market for classical music is more broadly defined D. more price elastic; the scope of the market for classical music is more broadly defined