Between 2006 and 2008 the poverty rate
A. rose by about one percent.
B. fell by about one percent.
C. rose by around three percent.
D. fell by about three percent.
A. rose by about one percent.
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When natural or legal forces work to protect a firm from potential competitors, the market is said to have ________
A) non-competitive supply B) non-competitive entry C) barriers to entry D) restricted competition
What happens to overall living standards when countries trade with other countries?
What will be an ideal response?
A perfectly inelastic demand is one in which the:
A. demand curve is perfectly vertical. B. demand curve is perfectly horizontal. C. measured elasticity is exactly 1. D. response to a change in price is immediate.
If the MPC = 1, the spending multiplier is:
a. infinite. b. zero. c. 10. d. 100. e. 1.