Which of the following is not among the root causes of poverty in the United States?
(A) Disabilities
(B) Underemployment
(C) Size of family
(D) Advanced degrees
Ans: (D) Advanced degrees
You might also like to view...
In the market for cotton, suppose the equilibrium price is $10 per ton and the equilibrium quantity is 100 tons. If the government then imposes a price support of $5 per ton,
A) a deadweight loss is created. B) the market becomes more efficient. C) consumer surplus increases. D) producers' economic profits increase. E) None of the above answers is correct.
If the cross-price elasticity of demand for computers and software is negative, this means the two goods are
A) normal. B) inferior. C) substitutes. D) complements.
Which of the following is FALSE regarding a monopsonist?
A) The monopsonist is the only buyer in a market. B) The monopsonist faces an upward sloping labor supply curve. C) The monopsonist faces an upward sloping labor demand curve. D) The monopsonist faces the entire market labor supply curve.
An increase in real output (goods and services) is the only explanation for an increase in nominal GDP
Indicate whether the statement is true or false