The largest marital status category of black single parents in 1960 was "married-spouse absent."
Indicate whether the statement is true or false
T
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A leftward shift of a supply curve represents a decrease in supply
a. True b. False
Which of the following would not be emphasized in a capitalist economy?
A. Private ownership of capital and other resources B. Competition and decentralized decisions C. Reliance on market forces to coordinate economic activity D. Prevention of owners of capital from exposing this resource to risk
New Jersey raises its minimum wage while neighboring state Pennsylvania, does not. Economists compared the labor market in both states to draw conclusions about the effect of a minimum wage on employment and wages. This is an example of:
A. an economic principle. B. the economic decision rule. C. simulation economics. D. a natural experiment.
Which of the following changes will shift AD1 to AD2?
A. A cut in personal and business taxes
B. An increase in the value of the dollar relative to other currencies
C. A shrinkage in the value of stocks and other financial assets
D. An increase in real interest rates