The Darity-Myers thesis states that
A. he heritage of slavery is largely to blame for black poverty.
B. welfare dependency creates a culture of poverty.
C. black men have become less useful in the emerging economic order and have become marginalized.
D. the root problem of black poverty is the high pregnancy rate of unmarried teenage girls.
C. black men have become less useful in the emerging economic order and have become marginalized.
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If a nation is currently operating at a point inside its production possibilities curve, it
A. can increase the output of one good without decreasing the output of the other good. B. has fully employed resources. C. has no inefficiently employed resources. D. is operating at full potential.
If a particular choice that an individual faces gives him a benefit of $20 but costs $30, the net benefit from making this choice equals:
A) $20. B) $10. C) -$10. D) -$30.
Which of the following is part of the market structure for monopolistic competition?
A) barriers to entry B) a large number of firms compete C) each firm produces a differentiated product D) Both answers B and C are correct.
From the U.S. perspective, a drop in the price of foreign exchange means that
a. fewer U.S. dollars are needed to purchase foreign currency b. more U.S. dollars are needed to purchase foreign currency c. worldwide, imports will become more expensive d. worldwide, exports will become cheaper e. transaction costs on international markets will decrease