About one out of every ________ white children under the age of 18 is poor.
Fill in the blank(s) with the appropriate word(s).
ten
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The statistical details on the U.S. balance of international payments between 1790 and 1860 help economic historians determine
(a) what the U.S. sold domestically. (b) how other countries paid for their own domestic goods and services. (c) how the U.S. paid other countries for their exports. (d) changes in domestic trade patterns.
If a monopolistically competitive firm can earn a profit, it will increase production until:
a. MR > AVC. b. MR = ATC. c. MC > MR. d. MR = AR. e. MR = MC.
Under normal circumstances, the equilibrium compensation wage differential is the wage differential that exactly attracts the
A. marginal worker into the labor market. B. average high-skilled worker into a low-skill job. C. average worker into a regular job. D. marginal worker into a risky job. E. average worker into a less risky job.
A concern about long-run economic growth was important in economics:
A. from the time of John M. Keynes and his General Theory. B. from the time of Karl Marx and his Das Kapital. C. only since the 1970s. D. from the time of Adam Smith and his The Wealth of Nations.