The poverty rate for African Americans has remained approximately equal in the U.S. since the late 1950s

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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Consumption at points on a steeper part of the indifference curve will reflect a higher marginal rate of substitution than consumption points on a flatter part of the indifference curve

Indicate whether the statement is true or false

Economics

Between 1870 and 1920, the U.S. labor force:

a. grew at about the same rate as the population. b. grew more rapidly than the population. c. fell despite rising population. d. grew at a slightly lower rate than the population.

Economics

Converting corn into ethanol is most profitable when there is/are:

a. High ethanol prices and low corn prices b. Low ethanol prices and low corn prices c. Low ethanol prices and high corn prices d. When the amount of ethanol produced approaches the limits of the amount required in production of gasoline blended with 10% ethanol (the current "blend wall") e. Restricted expansion of ethanol production capacity

Economics

Refer to the information provided in Figure 26.1 below to answer the question(s) that follow. Figure 26.1Refer to Figure 26.1. This economy reaches capacity at

A. $500 billion. B. $1,000 billion. C. $1,500 billion. D. an output level that is indeterminate from this information because aggregate demand is not given.

Economics