Studies of 18th century colonial demographics indicate that
a. the population growth rate of blacks was similar to that of whites.
b. migration was the main reason for the growth in the black population.
c. the death rate of blacks were much higher than the death rate of whites.
d. the birthrate of blacks was much lower than the birthrate of whites.
a. the population growth rate of blacks was similar to that of whites.
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The lemons problem is that when there are hidden characteristics known only to the seller of a used car,
a. the ratio of lemons to high-quality cars is likely to be high b. the ratio of lemons to high-quality cars is likely to be low c. good used cars will sell for more than their market value d. no lemons will be offered on the market e. the price of lemons will be below their market value
After an extended period of steady inflation at a constant rate,
a. people will anticipate inflation. b. actual unemployment will approximate the natural rate of unemployment. c. actual unemployment will be less than the natural rate of unemployment. d. both a and b are true.