The poverty rate for female households with no spouse present is approximately

If Joe says that nothing comes close to a Pepsi, his demand for Pepsi is likely to be

a. relatively price elastic b. relatively income elastic c. relatively price inelastic d. unit elastic e. infinitely elastic

Which of the following is true about workers who experience structural unemployment?

a. They quickly accept a much lower salary in a different industry. b. They become unemployed due to the business cycle fluctuations. c. They sometimes enter the pool of discouraged workers. d. They tend to quit their job search very easily. e. They usually have the necessary skills to maintain their level of income in another industry.