Which of the following groups has the lowest poverty rate?
A. Married-couple families.
B. Whites.
C. Foreign-born (not citizens).
D. Asians.
Answer: A
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Assume two people live in the same neighborhood, the same size house and earn identical incomes. Both are unmarried without children. How might one of them actually be poorer than the other?
What will be an ideal response?
Approximately what percent of all world production of goods and services is exported to other countries?
A) 10% B) 30% C) 50% D) 100% E) 90%
The scientific method is useful
a. only in fields of science such as chemistry and physics b. for testing the validity of theoretical predictions c. for testing the validity of a model's assumptions d. when no economic variables can be assumed to be constant e. only if a theory has been proven to be true
Since the enactment of the Depository Institutions Deregulation and Monetary Control Act of 1980, the legal reserve requirements set by the Fed apply to all banks, savings and loan associations, and credit unions
Indicate whether the statement is true or false