Black and Hispanics poverty rates in the United States are about twice as high as Asian and white poverty rates.
Answer the following statement true (T) or false (F)
True
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Which of the following is a FALSE statement concerning purchasing power parity?
A) Purchasing power parity states that dollars will tend to exchange for pounds at a rate that maintains a constant purchasing power of a given quantity of a currency. B) Over the long term, a Big Mac in New York will tend to cost the same as a Big Mac in London. C) There should not be significant deviations in the long-run value of purchasing power parity. D) Over the long run, purchasing power parity exerts influence over exchange rates. E) An overvalued dollar buys more in Britain than it does in the United States.
The best solution to the problem of welfare loss from monopoly is public ownership
a. True b. False Indicate whether the statement is true or false
All else equal, an increase in the rate of inflation ________ planned spending and ________ short-run equilibrium output.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefit of each of the four projects is provided in the table.ProjectMarginal Cost ($B)Marginal Benefit ($B)A12B33C57D78Refer to the above table and information. What project should the government select to achieve the maximum net benefit?
A. A B. B C. C D. D