The poverty rate for blacks is _____________ the poverty rate for non-Hispanic whites.
A. almost three times
B. about 50% more than
C. slightly higher than
D. a little lower than
A. almost three times
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A French tourist spent $1,200 in the U.S this year. This transaction will lead to a(n) ________
A) decrease in the GDP of U.S. B) increase in the GDP of France C) decrease in the GDP of France D) increase in the GDP of U.S.
A price system is considered to be efficient when
A) it fails to have the goods that consumers want. B) an underground market develops. C) all resources are allocated to the highest-valued uses. D) firms produce more than what consumers want.
When the Fed purchases government securities from a commercial bank, the bank: a. automatically becomes poorer
b. loses equity in the Fed. c. receives reserves that can be used to make additional loans. d. loses its ability to make loans.
A government program that reduces land under cultivation can help farmers by raising prices but hurts consumers
a. True b. False Indicate whether the statement is true or false