Which statement is false?
A. Most poor women who get pregnant do so to get on welfare.
B. Most long-term poor people are black.
C. The causes of black poverty are not always the same as those of white poverty.
D. None of these statements are false.
A. Most poor women who get pregnant do so to get on welfare.
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A plot of the interest rates on default-free government bonds with different terms to maturity is called
A) a risk-structure curve. B) a default-free curve. C) a yield curve. D) an interest-rate curve.
Strategic advertising in the cola market
A) significantly expands the size of the market. B) brings in few new customers and primarily shifts market share among rivals. C) shifts market demand to the right, increasing quantity sold and decreasing prices. D) has no impact on the market.
Which of the following economic decisions would most likely be studied by a macroeconomist?
A. Domino's Pizza decides to provide quantity discounts in order to increase revenue. B. A local entrepreneur decides to open a Waffle House in the local Walmart parking lot. C. The government of Estonia implements a flat rate personal income tax for all citizens. D. Prices for train fares rise as labor unions negotiate higher wage rates.
Which of the following is true at each output level for a perfectly competitive firm?
a. MC = AVC = ATC b. MR = MC c. P > AVC d. AR = MR = P e. MR = AR = MC