Which of the following is the group with the highest poverty rate?
A. Blacks
B. Female-headed households with children
C. Children
D. Hispanics
Answer: B
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Which of the following is true of the demand curve faced by a monopolistically competitive firm? a. The demand curve faced by a monopolistically competitive firm is kinked
b. The demand curve faced by a monopolistically competitive firm is downward-sloping. c. The demand curve faced by a monopolistically competitive firm is upward-sloping. d. The demand curve faced by a monopolistically competitive firm is horizontal.
All students should go on to college.
A. True B. False C. Uncertain
The term factor of production refers to
A. Any resource input used to produce goods and services. B. Only those goods that are produced and then used to produce other goods and services. C. Labor only. D. Factories and machinery only.
The price of a new textbook increased by 35 percent and the price of a used textbook increased by 30 percent. What happened to the relative price of the new textbook?
A. It decreased by 5 percent. B. It increased by 5 percent. C. It increased, but we can't tell by how much without more information. D. It decreased, but we can't tell by how much without more information.