Inefficient use of resources leads to:

a. production bundles inside the production set.
b. production bundles outside the production set.
c. a reduction in the production set.
d. production of a combination on the production set.


A

Economics

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Which statement is true?

A. Blacks have a lower poverty rate than Hispanics. B. Blacks have a poverty rate of about three times that of whites. C. Members of white families headed by females have a higher poverty rate than all black families. D. None of these statements are true.

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The Gramm-Rudman-Hollings Act of 1985 created a

A. Mandated balanced budget by 2005. B. Debt ceiling. C. Prohibition against external financing of the debt. D. Deficit ceiling.

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The three largest categories of spending by the Federal government in order from first to third would be

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Economics