For which of the following groups has the poverty rate declined most in the United States?

a. unmarried heads of households
b. married heads of households
c. less-educated African-Americans
d. African-Americans with high school but not college educations
e. people 65 and older


E

Economics

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A cancer patient is told he needs chemotherapy in order to live three more years at best, but the patient's final three years will be filled with all the terrible side-effects of the treatment

Without it, he will surely die within a year, but his quality of life would be a better. Suppose he chooses to quit chemotherapy and instead he spends his time learning to play the cello, something he always wanted to learn. The economic way of thinking suggests A) others should consider playing the cello while they are still young and healthy. B) the doctors were absolutely right—the patient needs chemotherapy. C) the patient considers playing the cello a substitute for chemotherapy. D) the patient has clearly given up his will to live.

Economics

Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired

A) 2nd B) 3rd C) 4th D) None of the above; the production function displays increasing marginal returns.

Economics

Marking to market refers to

A) the determination of the prices of options contracts by the interaction of demand and supply. B) the determination of the prices of futures contracts by the interaction of demand and supply. C) the settlement of gains and losses on futures contracts each day. D) the settlement of gains and losses on forward contracts each day.

Economics

If MUx/Px > MUy/Pyx, the consumer can increase utility by buying more of good x

a. True b. False

Economics