Which of the following statements about the percent of the population aged 25 years and above completing high school in 2000 is most accurate?
a. African Americans graduate at a rate about 10 percentage points less than whites, and Hispanics graduate at a rate about 30 percentage points less than whites.
b. African Americans and Hispanics graduate at the same rate that whites do.
c. Hispanics graduate at the same rate as whites, but African Americans graduate at much lower rates.
d. Hispanic and black males graduate at the same rate as white males, but Hispanic and black females graduate at much lower rates than white females.
a. African Americans graduate at a rate about 10 percentage points less than whites, and Hispanics graduate at a rate about 30 percentage points less than whites.
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FICA taxes and corporate retained earnings are subtracted from national income when personal income is computed
a. True b. False Indicate whether the statement is true or false
If excess reserves are $10 million, (total) reserves are $14 million, and the required reserve ratio is 10%, then required reserves equal ________________ and checkable deposits equal ____________________
A) $4 million; $40 million B) $40 million; $4 million C) $24 million; $240 million D) $7 million; $70 million
When the average cost curve lies above the entrant's residual demand curve, an entrant:
A. lowers the incumbent's average cost curve. B. can profitably enter the market. C. cannot profitably enter the market. D. is indifferent between entering and not entering the market.
When a perfectly competitive firm produces where AVC < P < ATC, this is called a
A. profit-minimizing strategy. B. loss-minimizing strategy. C. break-even position. D. loss-maximizing strategy.