The official poverty rate for all persons declined sharply between 1959 and:
A. the 2000s.
B. the 1970s.
C. the 1980s.
D. the 1990s.
Answer: B
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The risk of a well-diversified portfolio depends only on the ________ risk of the assets in the portfolio
A) systematic B) nonsystematic C) portfolio D) investment
A natural monopoly results when a firm has
a. a license b. a patent c. official approval to produce a product d. decreasing average costs over the range of market demand e. exclusive use of a natural resource
Institutions that encourage productive activities and discourage counterproductive ones, will tend to promote
a. economic growth. b. rent-seeking c. economic fluctuations d. high rates of unemployment.
In a sequential game, the first mover into a new market:
A. always earns a greater payoff than the second mover. B. may discourage the second mover from entering that market. C. only enters when there is a dominant strategy. D. guarantees that a Nash equilibrium will result.