Which statement is true?
A. William Julius Wilson and Charles Murray are basically in agreement about the causes of the formation of a permanent underclass.
B. The permanent underclass has more white members than black members.
C. There is very little evidence to show that there is actually a permanent underclass.
D. There are more poor whites than poor blacks in the United States.
D. There are more poor whites than poor blacks in the United States.
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Which of the following firms has unlimited liability?
A) only proprietorships B) only partnerships C) only corporations D) both proprietorships and partnerships
Think about indifference analysis. If a consumer is indifferent between 5 units of A and 8 units of B, then the consumer would
a. also be indifferent between 4 units of A and 9 units of B b. also be indifferent between 8 units of A and 5 units of B c. prefer 6 units of A and 8 units of B d. give up 1 unit of A to acquire 2 units of B e. not trade a unit of A for any units of product B
What is market supply? How is the market supply curve for a good obtained?
Assume that each day a firm uses 13 employee-hours per day and an office to produce 100 units of output. The price of each unit output is $5, the hourly wage rate is $10, and rent on the office is $200 per day. Each day the firm earns a ________ of ________.
A. loss; $200 B. loss; $170 C. profit; $170 D. profit; $370