Conservatives and liberals ___ on the causes of poverty and ___ on how to solve the poverty problem.
A. agree; agree
B. agree; disagree
C. disagree; agree
D. disagree; disagree
D. disagree; disagree
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A trend is
A) a measure of closeness on a scatter diagram. B) a general tendency for a variable to rise or fall. C) the maximum value of a variable. D) the minimum value of a variable. E) the difference between the maximum value of a variable and the minimum value of the variable.
In deriving an LM curve, higher incomes shift the money demand schedule to the ________, yet the unchanged real money supply continues to be equally demanded so long as the interest rate ________
A) right, rises B) right, falls C) left, rises D) left, falls
If an individual's housing purchases are always a constant fraction of income, then the income elasticity of demand for housing is
a. greater than one. b. equal to one. c. less than one. d. Cannot be determined from the available information.
Which of the following reflects an investment in human capital?
a. a new labor-saving technology b. a new heath clinic c. a new factory employing more workers d. an increase in consumption per capita e. an increase in fringe benefits, such as paid vacations and overtime pay e. wealthy landowning class and a poor working class