In 2010, the proportion of all poverty-level families headed by a female was
a. approximately one-fourth.
b. approximately one-third.
c. approximately half.
d. more than three-fourths.
C
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When a freely functioning market is in disequilibrium:
a. the government must set a price ceiling. b. the government must set a price floor. c. the price and quantities demanded and/or supplied change until equilibrium is established. d. it will continue to remain in disequilibrium. e. it will reach equilibrium at a very high/low price.
Government action can usually perfectly correct the market's shortcomings
a. True b. False Indicate whether the statement is true or false
The U-shape of the average variable, average total, and marginal cost curves reflects _____
A. the point that implicit costs become a smaller fraction of total cost as output increases. B. both increasing and decreasing marginal returns. C. increasing marginal returns. D. decreasing marginal product. E. decreasing marginal returns.
One feature of the GATT and now the WTO is that all member nations get the same treatment from their trading partners in terms of trade rules and restrictions. This provision is called:
a. beggar thy neighbor. b. the good neighbor policy. c. rotating obligations. d. most favored nation status.