The percentage of African-Americans whose incomes are in the bottom 40% of income earners in the U.S. is
A. about 37%.
B. about 57%.
C. about 24%.
D. about 47%.
Answer: B
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Compared to a monopolist, the demand curve for a perfectly competitive firm will be
A) as elastic. B) more elastic. C) less elastic. D) perfectly elastic.
Given the characteristics: (1) many buyers and sellers, (2) free entry and exit, (3) perfect information, and (4) heterogeneity of products, monopolistic competition and perfect competition share
a. (1) and (4). b. (1), (2), and (3). c. (2) and (4). d. (2), (3), and (4).
If the coupon payment on a bond is $140 and the coupon rate is 5%, then what is the price value of the bond?
A) $2,800 B) $147 C) $254.40 D) $5,000 E) There is not enough information provided to answer this question.
Refer to the above figure. The figure represents the saving function for the consumer. Point A represents
A. the amount of autonomous consumption. B. a situation in which saving is positive. C. a situation in which saving is negative. D. the point at which saving equals zero.