Between 1994 and 2000 the poverty rate ____ and the number of people on welfare ______.
A. declined; declined
B. rose; rose
C. rose; declined
D. declined; rose
A. declined; declined
You might also like to view...
When economists refer to the "real" interest rate, they mean
A) the nominal interest rate adjusted for tax rates. B) the nominal interest rate adjusted for inflation. C) the nominal interest rate adjusted for income changes. D) the nominal interest rate adjusted for changes in exchange rate.
Refer to the figure above. Assuming that the market consists of only these two consumers, what is the market demand for pens when the price is $4?
A) 15 units B) 25 units C) 40 units D) 65 units
If a firm is successful in its efforts to reduce the price elasticity of demand for its product, all else constant, the optimal markup that can be used in setting price will increase
Indicate whether the statement is true or false
Economists will readily confess that even after centuries of systematic observation of their subject matter, of data collecting, theory building, empirical testing, and amassing historically relevant material, they still usually arrive at different and sometimes even highly conflicting conclusions and recommendations
Indicate whether the statement is true or false