If the official poverty line for a family of four is $15,000, then the Department of Agriculture's minimum food bundle costs a family of four ________ per year.
A. $1,500
B. $3,000
C. $5,000
D. $15,000
Answer: C
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Which of the following decreases the demand for loanable funds and shifts the demand for loanable funds curve leftward?
A) The real interest rate rises. B) The economy experiences a recession. C) Wealth decreases. D) Technology that increases productivity is introduced. E) An economy experiences a rapid increase in population.
Which of the following was NOT a function of the First and Second Banks of the United States?
(a) Handling government finances (b) Promoting growth of state banks (c) Helping establish uniform paper currency in the U.S. (d) Keeping state banks in line by presenting their notes
The defining characteristic of oligopoly is product differentiation
a. True b. False
Among all workers in the U.S. with PhDs, ________ percent are foreign born.
A. 24 B. 1 C. 5 D. 90