The 1920 census reported that ________ percent of Americans were urban dwellers
a. just over 10
b. approximately 20
c. more than 50
d. 75
c. more than 50
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An imperfectly competitive firm faces a demand curve that is:
A. perfectly elastic. B. more than perfectly elastic. C. downward sloping. D. perfectly inelastic.
Cash may be preferred to food stamps because additional cash
A) rotates the budget constraint. B) shifts out the budget constraint at every point. C) provides a smaller opportunity set. D) allows the purchase of more food.
Public debt held by foreigners is known as
a. international debt b. external debt c. tariffs d. custom duties e. debentures
Suppose a boom in stock market prices helps make people feel wealthier. Using the model of aggregate demand and aggregate supply, identify the curves that are affected, and which way these curves would shift