Each of these statements is true except
A. Female-headed black families with children under 18 have a poverty rate of almost 47%.
B. Female-headed white families with children under 18 have a poverty rate of almost 35%.
C. All families receiving public assistance are poor.
D. All poor families receive public assistance.
D. All poor families receive public assistance.
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When using extrapolation to forecast
A) a time series of past observations is used. B) there is a large error term in the results. C) predictions can only be made about the future. D) dummy variables can skew the results.
Refer to Figure 9.1. If the market is in equilibrium, total consumer surplus is
A) $30. B) $70. C) $400. D) $800. E) $1200.
The Kennedy tax cut of 1964 included an investment tax credit that was designed to
a. increase aggregate demand in the short run and aggregate supply in the long run. b. increase aggregate supply in the short run and aggregate demand in the long run. c. only increase aggregate supply in the long run. d. only increase aggregate demand in the short run.
The benefit of saving some American jobs in specific industries protected from foreign competition
A. has fallen in recent years. B. is much less than the costs to the whole American economy. C. is much greater than the costs to the whole American economy. D. has risen in recent years.