Compared to the poverty rate for blacks, the poverty rate for whites is a fraction of less than ______.
Fill in the blank(s) with the appropriate word(s).
1/3
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Economists define efficiency as
A. output maximization. B. the absence of waste. C. input maximization. D. the presence of surplus.
The income approach measures GDP by summing
A) the wealth of households, business and government. B) the incomes paid households for the resources they own. C) the total production of all final goods and services produced in a year within a country's borders. D) C + I + G + NX. E) Both answers A and D are correct.
How might a decrease in the labor force participation of males be related to the increase in the participation rate for females?
What will be an ideal response?
The real rate of interest will approximately be equal to
A. the nominal interest rate plus the expected rate of inflation. B. the nominal interest rate minus the expected rate of change in the price level. C. the stated rate of interest in a high-inflation economy. D. the stated rate minus the opportunity cost of capital.