That the migration of black middle and working class families from the ghettos removed the key social constraint against crime is a central thesis of
A. William Julius Wilson.
B. Charles Murray.
C. Mickey Kaus.
D. Frances Fox Piven.
A. William Julius Wilson.
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In the United States, most workers now
A. work for some level of government. B. work in the manufacturing sector. C. work in the agricultural sector. D. work in the service sector.
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Suppose that a producer’s supply curve is estimated to be P = 15 + 3Q and that the product is sold at P = $45. At this price level, the firm’s producer surplus is
a. $2250 b. $150 c. $300 d. $10
A graph has a point that is either a maximum or a minimum. To the left of the point, the slope of relationship is positive. To the right of the point, the slope is negative
Is the point a maximum point or a minimum point? Be sure to draw a figure that supports your answer.