According to Kathryn Edin and Laura Lein, virtually all poor single mothers supplemented their income with money from _______________________.
Fill in the blank(s) with the appropriate word(s).
relatives, boyfriends, or the absent father of their children
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If the monopoly illustrated in the figure above could engage in perfect price discrimination, the deadweight loss would be
A) $0. B) $22.50. C) $90.00. D) $250.00.
An improvement in school quality translates into an increase in which model parameter?
A) H B) z C) b D) 1-u
If firms are producing efficiently, but consumers can reallocate goods amongst themselves,
A) the equilibrium is not efficient. B) the equilibrium is efficient. C) the consumers are behaving irrationally. D) the firms are too greedy.
Which of the following is the primary requirement for a market to be competitive?
a. Low barriers to entry and relatively easy exit b. A downward-sloping demand curve c. High barriers to entry d. A horizontal demand curve