About 1 out of every _______ Americans is poor.
A. 3
B. 4
C. 6
D. 8
D. 8
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Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is
A) 1/3 of a bandana. B) 2.5 bandanas. C) 3 bandanas. D) 10 bandanas.
What is a market demand schedule?
a. a table showing how much of a product an individual will buy b. a table showing how much of a product a market will buy c. a graph showing how much of a product an individual will buy d. a graph showing how much of a product a market will buy
If Congress decides to reduce the tax per pack paid by sellers of cigarettes, other things being equal, the price of cigarettes will fall. This fall in prices can be attributed a(n):
A. upward movement along the supply curve for cigarettes. B. rightward shift of the supply curve for cigarettes. C. downward movement along the demand curve for cigarettes. D. leftward shift of the supply curve for cigarettes.
Trade adjustment assistance:
A. provides financial assistance to all unemployed workers in the United States. B. guarantees jobs for all workers displaced by imports or plant relocations abroad. C. provides assistance to about 20 percent of unemployed U.S. workers each year. D. provides cash assistance for workers displaced by imports or plant relocations abroad.