Even though the average income in the United States has continued to grow, the poverty rate has increased to over 20% since the early 1970s
a. True
b. False
Indicate whether the statement is true or false
False
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The downturn in the immigration cycle beginning in the 1850s is attributable to which group?
(a) Children (b) Grandparents (c) Women (d) Men
Considering both product markets and resource markets, most economic decision makers participate in the economy as both buyers and sellers
a. True b. False
An example of a perfectly competitive market would be the market for
a. electricity. b. soybeans. c. coffee shops. d. restaurants.
The short-run aggregate supply curve is horizontal when
A) prices are inflexible and the economy is at full employment.
B) there are unemployed resources and prices do not increase when aggregate demand increases.
C) there are unemployed resources and prices do not decrease when aggregate supply increases.
D) there are no unemployed resources and prices do not increase when aggregate demand or supply increases.