In the U.S., the poverty rate is lowest among young families with a head of household under 25

a. True
b. False


B

Economics

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When tax revenue ________ outlays is negative, then the government has a budget ________

A) minus; surplus B) divided by; surplus C) minus; deficit D) plus; deficit E) plus; surplus

Economics

Policies that mandate the installation of specific pollution control devices are called

A) incentive policies. B) benefit policies. C) welfare policies. D) command-and-control policies.

Economics

Farmer Ted sells winter wheat in a perfectly competitive market. The market price for a bushel of winter wheat is $9. Ted has 270 bushels of wheat to sell. If his total variable cost is $2000 and his total fixed cost is $500, then

a. Ted should raise his price. b. Ted is minimizing his losses. c. Ted is earning positive economic profits. d. Ted is earning a normal profit

Economics

Damian wants to start a business where he is the only owner and the company does not issue stock. The type of business Damian wants to start is a

A) sole proprietorship. B) partnership. C) corporation. D) Any of the above could be correct.

Economics