Which of the following statements is most accurate about the role of minorities in the U.S.?
a. The armed services were desegregated before World War II.
b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas.
c. During World War II, there was a large increase in demand for hiring highly skilled Japanese-Americans.
b. Although African Americans had historically lived on agricultural areas, by 1970 about 75% of African Americans lived in urban areas.
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An increase in the money supply is represented by a(n):
a. rightward shift of the downward-sloping money supply curve. b. upward shift of the money supply curve. c. rightward shift of the money supply curve. d. increase in the rate of interest.
Which is FALSE about perfect competition?
A) There are numerous sellers. B) Market entry and exit is unrestricted. C) There is no ability to set price. D) There is considerable product differentiation.