Which statement about poverty in the United States is true?
a. Most people living below the poverty line are white.
b. Most people living below the poverty line are African American.
c. Poverty rates are relatively low for females.
d. Poverty rates are relatively low for Hispanics.
a. Most people living below the poverty line are white.
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A production possibilities frontier will be bowed out if
a. there is scarcity b. resources are used efficiently c. production of one good involves an opportunity cost d. resources are not perfectly adaptable to making each good e. technology is improving
Within the framework of the Keynesian model, which of the following would most likely occur if the federal government increased its spending and enlarged the size of the budget deficit during a period of full employment?
a. The rate of inflation would decline. b. The rate of inflation would rise. c. A recession would develop. d. Interest rates would fall.
Which of the following economies are most free?
A) Bolivia and Venezuela B) Bangladesh and Pakistan C) Algeria and the Democratic Republic of the Congo D) Hong Kong and Singapore
Refer to the table shown. Using the four-firm concentration ratio, the tire industry is best categorized as:IndustryNumber of sellers% of shipments accounted for by the 4 largest companiesTires1595Upholstered furniture2,00015
A. monopolistically competitive. B. oligopolistic. C. a pure monopoly. D. perfectly competitive.