Economic mobility in the United States is
a. uncommon. Over 50 percent of poor families remain poor for 8 or more years.
b. uncommon. Over 75 percent of poor families remain poor for 8 or more years.
c. common. Fewer than 3 percent of poor families remain poor for 8 or more years.
d. common. Fewer than 1 percent of poor families remain poor for 8 or more years.
c
You might also like to view...
Refer to Figure 21-25. Suppose the price of good X is $10, the price of good Y is $5, and the consumer’s income is $210. Then the consumer’s optimal choice is represented by a point on which curve?
a. I4
b. I2
c. I3
d. I1
Lee, J Brand, Joe's Jeans, Paper Denim & Cloth, Levi's, Wrangler, and many others are all producers of jeans. In what type of market does Lee operate?
A) monopolistic competition B) monopoly C) oligopoly D) perfect competition
An increase in the ____ interest rate will lead to an increase in the ____
a. nominal; demand for loanable funds b. nominal; supply of loanable funds c. real; quantity of loanable funds supplied d. real; quantity of loanable funds demanded
In order for it to produce at point E (unattainable above the demand curve), the
a. country would need to acquire more resources and or more advanced technology b. country would need to use its resources more efficiently c. country would need to determine that compact cars and SUVs are equally important to it d. production of SUVs would need to decrease e. production of compact cars would need to decrease