Which of the following is a feature of data collection on wealth concentrations in the United States?
A. Under sampling of the high-income households
B. Oversampling of the low-income households
C. Oversampling of the high-income households
D. Under sampling of the low-income households
Answer: C
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As welfare rolls declined during the late 1990s and early 2000s,
a. states with aggressive work requirements found that their federal grants also declined b. states with aggressive work requirements were rewarded with larger federal grants c. few welfare recipients were able to find jobs d. there was a significant increase in welfare spending per recipient e. states cut back on their provision of services such as job placement and child care
A country that must inhibit imports should give preference to
A. quotas over tariffs because quotas are less likely to distort trade patterns between nations. B. tariffs over quotas because, unlike quotas, tariffs offer no special benefits to inefficient exporters. C. export subsidies over quotas or tariffs because export subsidies can protect a nation’s domestic producers. D. an embargo wherever possible because an embargo can serve as a political weapon in addition to being a “trade stopper.”
We would expect which of the following to occur when the central bank conducts an open market sale of bonds?
A) a reduction in the monetary base (H) B) a reduction in the money multiplier C) an increase in H D) an increase in the money multiplier E) both C and D
The state of consumer optimum is reached when the consumer's
A. marginal utility/price ratios for all items are equal. B. total utility/price ratio for all items is equal. C. total utility/marginal utility ratio for all items is equal. D. marginal utility for a product is zero.