The income profile of the children enrolled in Head Start is such that it
A. mirrors the income profile of those in poverty.
B. suggests that enrollees are poorer than even those in poverty.
C. suggests that enrollees are wealthier than the general population.
D. mirrors the income profile of the general population.
Answer: B
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A measure of overall prices at a particular point in time is called:
A. inflation. B. a relative price. C. the price level. D. a real price.
Because Keynes assumed that the expected return on money was zero, he argued that people would
A) never hold money. B) never hold money as a store of wealth. C) hold money as a store of wealth when the expected return on bonds was negative. D) hold money as a store of wealth only when forced to by government policy.
The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that
a. men were better at math than women. b. men chose competition more because they were better at sports than women. c. men trade stocks excessively while women adopt a buy-and-hold strategy. d. streetcar companies were not in favor of segregation because it hurt their profits.
During a recession, markets will
A. decline. B. increase. C. increase then decrease. D. move in many different directions.