Who expressed this view? "Unlike the present period, (black) inner-city communities prior to 1960 exhibited the features of social organization—including a sense of community, positive neighborhood identification, and explicit norms and sanctions against aberrant behavior."
A. Charles Murray
B. William Julius Wilson
C. Mickey Kaus
D. Lisabeth Schorr
B. William Julius Wilson
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Of the following, consumer surplus is largest for
A) a perfectly competitive industry. B) a single-price monopoly. C) any price-discriminating monopoly. D) a perfectly price-discriminating monopoly.
If the British government fixes the exchange rate for its currency (the pound) below market equilibrium, it will contribute to a positive balance on current account
Indicate whether the statement is true or false
Suppose it takes workers in Baldistan 20 hours to produce a metal folding table, and it takes workers in Plochia 18 hours to produce an identical table. Workers in Baldistan take 40 hours to produce a set of ceramic plates, and it takes workers in Plochia 22 hours to make identical plates. Which of the following is true?
A. Baldistan and Plochia can gain from trading with one another. B. Plochia is better off making both tables and plates and not trading with Baldistan. C. Plochia has a comparative advantage in making tables. D. Baldistan has an absolute advantage in making tables.
If the price elasticity of supply of smartphones is constant and equal to 3, a 10 percent increase in price will result in a change in quantity supplied equal to
A. -30 percent. B. 3 percent. C. 30 percent. D. 33 percent.