The Darity-Myers thesis states that
A. he heritage of slavery is largely to blame for black poverty.
B. welfare dependency creates a culture of poverty.
C. black men have become less useful in the emerging economic order and have become marginalized.
D. the root problem of black poverty is the high pregnancy rate of unmarried teenage girls.
C. black men have become less useful in the emerging economic order and have become marginalized.
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You are in the business of producing and selling hamburgers, french fries, pizza, and ice cream. The mayor plans to impose a tax on one of these products
Based on the elasticities in the above table, as a profit-minded business person who seeks to avoid taxes whenever possible, which good would you least like to have taxed? A) hamburgers B) pizza C) French fries D) ice cream
In England during the Middle Ages each village had an area of pasture on which any family in the village was allowed to graze its cows and sheep without charge
Eventually, the grass in the pasture would be depleted and no family's cow or sheep would get enough to eat. The reason the grass was depleted was A) it did not get enough rainfall. B) the area of pasture was nonexcludable and the consumption of the grass was rival. C) self-interest motives led livestock owners to raise too many cows and sheep. D) due to a policy of neglect on the part of the English government.
Classical economists and monetarists believe that the investment curve is
a. vertical b. steep to reflect the view that changes in investment are relatively insensitive to changes in the interest rate c. steep to reflect the view that changes in investment are very sensitive to changes in the interest rate d. unrelated to the interest rate e. relatively flat to reflect the view that changes in investment are sensitive to changes in the interest rate
The Three Amigo's company produced and sold 500 dog beds. The average cost of production per dog bed was $50 . Each dog be sold for a price of $65 . The Three Amigo's total costs are
a. $7,500. b. $25,000. c. $32,500. d. $67,500.