Compared to 1960, in 2008 the proportion of retirees living in poverty has fallen from 35 percent to about _________ percent.
A. 5 percent
B. 10 percent
C. 15 percent
D. 20 percent
B. 10 percent
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When the exchange rate between the U.S. dollar and the euro changes from 1.00 euro per dollar to 1.30 euros per dollar, then the
A) euro has depreciated against the euro. B) U.S. dollar has depreciated against the euro. C) U.S. dollar has depreciated against the dollar. D) euro has appreciated against the dollar. E) U.S. dollar has appreciated against the euro.
An increase in AD will trigger more inflation under which of the following conditions?
a. AD is relatively steep. b. AD is relatively flat. c. AS is relatively steep. d. AS is relatively flat.
With a downsloping demand curve and an upsloping supply curve for a product, an increase in consumer income will:
A. decrease equilibrium price and quantity if the product is a normal good. B. have no effect on equilibrium price and quantity. C. reduce the quantity demanded but not shift the demand curve. D. increase equilibrium price and quantity if the product is a normal good.
The operation of the "invisible hand" means the pursuit of private interests promotes social interests in pure competition.
Answer the following statement true (T) or false (F)