In 2013, the highest incidence of poverty was for
A. children under 18.
B. women living in households with no husband present.
C. Hispanic families.
D. individuals over 65.
Answer: B
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Opportunity costs exist for
A. households but not businesses or governments. B. businesses but not households or governments. C. businesses and households but not governments. D. households, businesses, and governments.
Increased government borrowing stimulates private borrowing because of its effect on interest rates
a. True b. False Indicate whether the statement is true or false
Suppose Freeland produces few consumption goods and many investment goods while Liberty Nation produces few investment goods and many consumption goods. Other things equal, you would expect a. per capita income to grow more rapidly in Liberty Nation
b. population to grow faster in Liberty Nation. c. the production possibilities curve for Freeland will shift out more rapidly than that of Liberty Nation. d. that if both countries started with identical production possibilities curves, in twenty years, people in Liberty Nation will be able to produce more consumer goods than people in Freeland.
Based on the table showing unemployment rates and earnings by educational attainment, which group has the highest earnings level?
a. people with a doctoral degree
b. people with a professional degree
c. people with an associate’s degree
d. people with a high school diploma