Which person is most likely to be poor? A person who is
A. over 65 years of age.
B. black.
C. white and under 6 years of age.
D. living in a female-heading family with children under 18.
D. living in a female-heading family with children under 18.
You might also like to view...
The aggregate expenditure model focuses on the relationship between ________ and ________ in the short run, assuming ________ is constant
A) total income; real GDP; the price level B) total spending; real GDP; the price level C) total production; total income; real GDP D) total spending; real GDP; total income
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable if:
a. it increases revenue more than costs or reduces costs more than revenue b. it decreases some costs more than it increases others (assuming revenues remain constant) c. it increases some revenues more than it decreases others (assuming costs remain constant) d. all of the above e. b and c only
Turkey joined the European Union (EU) in 2007 after implementing the necessary political and economic policy changes.
Answer the following statement true (T) or false (F)
Refer to Figure 1.7. The benefit of producing at point G rather than point D is
A. AB units of food. B. KL units of clothing. C. OA units of food. D. OL units of clothing.