Of the following demographic groups, which has the lowest poverty rate in the U.S.?
a. Families headed by a female with no adult male present.
b. Families in which the "head of the household" has not attained a high-school education.
c. Families headed by a male with no adult female present.
d. Families in which the "head of the household" has attained at least a bachelor's degree from a college or university.
d
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Assume that the market for corn is perfectly competitive. Currently, firms growing corn are generating losses. In the long run, we can expect
A. new firms to enter, causing the market price of corn to decrease. B. some firms to exit, causing the market price of corn to increase. C. some firms to exit, causing the market price of corn to decrease. D. new firms to enter, causing the market price of corn to increase.
If everyone were taxed the same absolute amount, say $500, this tax would be considered
a. progressive b. a unit tax c. regressive d. excise e. cooperative
The decrease in Money Supply, the Fed would?
A. Buy government's bonds B. Increase the discount rate C. Decrease the reserve requirement D. All of the above E. None of the above
If all the firms in a perfectly competitive industry are earning economic profits, in the long run all of the following will happen except
A. the supply curve will shift to the right. B. new firms will enter the industry. C. the equilibrium price of the product will fall. D. that the demand curve will shift to the right.