The amount of poverty in the United States ____ in the 1960s and ____ in the 1970s
a. increased; decreased
b. decreased; increased
c. held relatively steady; increased
d. decreased; held relatively steady
d
You might also like to view...
A consumption bundle
A) is a particular combination of consumption and leisure. B) only measures a quantity of goods and services, but not the amount of leisure. C) is a method of bringing home consumption goods. D) measures the quality of a particular good.
When the wage increases, the substitution effect in the household's choices leads to
A) a decrease in consumption and leisure. B) a decrease in consumption and an increase in leisure. C) an increase in consumption and a decrease in leisure. D) an increase in consumption and leisure.
Supply-side economics stress that: a. aggregate demand is the major determinant of real output and aggregate employment
b. tax rates are not a major determinant of real output and aggregate employment. c. an increase in government expenditures financed by higher tax rates will cause RGDP to rise. d. marginal tax rate changes can exert a significant impact on RGDP, even in the long run.
Briefly and concisely define the following terms: a. Price discrimination b. Tying contracts c. Concentration ratio d. Market power
What will be an ideal response?