In reality, overall growth and income for the poorest are:
A. highly positively correlated, but not perfectly.
B. uncorrelated.
C. highly negatively correlated, but not perfectly.
D. slightly positively correlated.
A. highly positively correlated, but not perfectly.
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The table above shows the demand and costs for a single-price monopolist. The firm will
A) maximize profit by producing 3 units. B) maximize profit by producing 2 units. C) operate on the inelastic portion of its demand curve. D) operate on the unit elastic portion of its demand curve.
Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
a. leftward shift in the demand curve for DVD players. b. upward movement along the demand curve for DVD players. c. rightward shift in the demand curve for DVD players. d. downward movement along the demand curve for DVD players.
The stock market crash of 1929 led to:
A. the South Seas bubble burst. B. the Great Depression. C. the Great Recession. D. Black Thursday.
The rise in bank failures in the late 1980s and early 1990s occurred
a. at Federally-charted banks only. b. because Congress repealed many of the provisions of deposit insurance regulation. c. at state-chartered banks, which are less closely regulated than other banks. d. because the Federal Reserve began to monitor banks less often. e. because they were insured by the Federal Deposit Insurance Corporation instead of state agencies.