Which of the following groups of U.S. residents would likely qualify for SSI benefits?
A. incarcerated murderers
B. college students
C. new federal retirees
D. the disabled
Answer: D
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Economic profit sends a signal to entrepreneurs by telling them where
A) price exceeds marginal cost. B) there are many buyers and many sellers. C) the shutdown point is. D) an above normal return on investment can be earned.
In Irving Fisher's quantity theory of money, velocity was determined by
A) interest rates. B) real GDP. C) the institutions in an economy that affect individuals' transactions. D) the price level.
Comparative advantage indicates that:
a. specialization and exchange will cause trading partners to reduce their joint output. b. a nation can gain from trade even when it is at an absolute disadvantage in producing all goods. c. trade with low-wage countries will pull down the wages of workers in high-wage countries. d. all of these.
The FE line shows the level of output at which the ________ market is in equilibrium
A) Goods B) Asset C) Labor D) Money