The distribution of income among African-American families is more even than it is for the population as a whole
a. True
b. False
B
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Explain which of the following count as money. a) a check in Ann's checkbook b) currency in Ann's bank c) currency in Ann's purse d) Ann's checking deposit
What will be an ideal response?
Which of the following is true of saving and investment?
a. There is no relationship between saving and investment; people can invest without having to save. b. Saving and investment can never be undertaken together by the same person. c. Saving and investment must always be undertaken by the same person. d. If investment is going to be undertaken, someone must save.
The second largest category, by relative importance, in the CPI calculation is
a. housing. b. apparel. c. transportation. d. medical care.
Which of the following is a determinant of the price elasticity of demand for an item?
A. the percentage of a consumers budget allocated to expenditures on the item B. the availability of a close substitute for the item C. the amount of time available to adjust to a change in the price of the item D. All of these are correct.