Based on U.S. data for 2011, the poverty rate is the highest for which group of people?
a. children
b. married couples
c. female-headed households, no spouse present
d. the elderly
c
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The monopolist shown in the above graph
A. is making a profit.
B. is taking a loss.
C. is breaking even.
D. may be making a profit or breaking even.
The U.S. dollar is called
A) frail money because wear and tear ruins paper bills. B) convertible money because the government stands ready to convert it into gold or silver. C) fiat money because the law decrees it is money. D) faith money. E) commodity money, because it is convertible into gold.
Stagflation at the end of the 1970s was marked by increasing inflation and unemployment
Indicate whether the statement is true or false
Suppose that a firm uses both labor (L) and capital (K) as inputs. The firm's long-run production function is Q = F(L,K) = 5?L?K. The firm has 100 units of capital. If the firm uses an efficient production method, how much output does it produce in the short run if it hires 25 workers?
A. 250 units B. 1,250 units C. 2,500 units D. 50 units