According to Darity and Myers
A. black men are becoming increasingly marginal to our economy.
B. the basic cause of poverty is welfare dependency.
C. the best solution to poverty is the negative income tax.
D. as our economy continues to expand, black poverty will decline.
A. black men are becoming increasingly marginal to our economy.
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Which of the following pairs of goods would be considered complementary?
a. Coca-Cola and Pepsi. b. Computers and computer software. c. Radios and televisions. d. Mass transit and private automobiles. e. Compact discs and cassette tapes.
The opportunity cost of any activity can be measured by the
a. value of the best alternative to that activity b. price (or monetary costs) of the activity c. level of technology d. time needed to select among various alternatives e. fringe benefits associated with the activity
Recall the Application about the possible link between interest rates and commodity prices worldwide to answer the following question(s).According to this Application, some economists noticed that commodity prices such as oil increased since the summer of 2010. They suggested that the increase in the commodity prices was caused by:
A. expansionary monetary policy used by the U.S. and other major economies. B. expansionary fiscal policy used by the U.S. and other major economies. C. contractionary monetary policy used by the U.S. and other major economies. D. contractionary fiscal policy used by the U.S. and other major economies.
The relationship between the market system and private property is
a. as the market system expands, private property declines in that society. b. private property rights interfere with the operation of the market system. c. the market system functions best when the rights of private property are protected. d. None of these.