Since 1960, high school graduation rates have
A. decreased across the board.
B. increased across the board but proportionally more for African Americans.
C. increased for African Americans and Hispanics but not for whites.
D. increased for whites but not for Hispanics and African Americans.
Answer: B
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The price received by sellers in a market will decrease if the government
a. increases a binding price floor in that market. b. increases a binding price ceiling in that market. c. decreases a tax on the good sold in that market. d. None of the above is correct.
Explain why it was necessary to pass the Clayton Act when the Sherman Act had already addressed the antitrust issue.
What will be an ideal response?
When the economy is in long-run equilibrium, the price level adjusts so as to equate which two values with one another?
A. government spending and tax revenues B. total planned real expenditures and total planned production C. import and export spending D. the inflation rate and the unemployment rate
If the producer of an information product engages in marginal cost pricing, it earns
A. zero economic profits. B. negative economic profits. C. positive economic profits. D. a normal profit.