The percent of population that experiences transient poverty at some point in their lives is:
A. more than 25 percent.
B. less than 10 percent.
C. approximately 12 percent.
D. approximately 40 percent.
Answer: A
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A monopolistically competitive firm and a monopoly are alike because both I. face downward sloping demand curves. II. have marginal revenue curves that lie beneath their demand curves. III. can make an economic profit in the long run
A) I only. B) I and II. C) I, II, and III. D) I and III.
Starting from equilibrium in the money market, suppose the money supply increases. Other things being equal, this will cause an excess demand for money, leading people to sell bonds
a. True b. False Indicate whether the statement is true or false
In some industries, pollution rights are sold from one company that does not need them to another that does. In recent years, conservation groups have purchased pollution rights so they cannot be exercised. Companies in need of pollution rights will find that:
A. the prices of pollution rights have gone up. B. the supply of pollution rights has increased. C. the relative costs of pollution control equipment has gone up. D. the prices of pollution rights have fallen.
Which of these groups is an external monitor in a publicly traded company?
A. Independent auditors B. Board of directors C. Top managers D. Shareholders