Based on the table showing poverty for different groups, the group with the highest poverty rate is ______.
a. female households with no husband present
b. male households with no wife present
c. white, non-Hispanics
d. over 65 years old
a. female households with no husband present
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A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule:Production Possibilities ScheduleProductABCDEFSteel012345Wheat100907555300In moving stepwise from possibility A to B to C … to F, the opportunity cost of a unit of steel in terms of wheat
A. increases at first then decreases. B. decreases. C. remains constant. D. increases.
With no international trade, a country ________ consume at a point outside of its PPF; with international trade, a country ________ consume at a point outside of its PPF
A) cannot; can B) can; can C) can; cannot D) cannot; cannot E) None of the above answers is correct because the presence or absence of international trade has nothing to do with where a country consumes in comparison to its PPF.
If a French company exports $2 million of machinery to Italy and French tourists spend $2 million at Italian beaches, the French merchandise trade balance ________, and the French financial account balance ________
A) rises; rises B) rises; is unchanged C) is unchanged; is unchanged D) is unchanged; rises
Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q. Which of the following statements is TRUE at all levels of production?
A) MC = AVC B) MC = AC C) MC > AFC D) All of the above.