Which of the following statements about the percent of the population aged 25 years and above completing high school in 2000 is most accurate?
a. African Americans graduate at a rate about 10 percentage points less than whites, and Hispanics graduate at a rate about 30 percentage points less than whites.
b. African Americans and Hispanics graduate at the same rate that whites do.
c. Hispanics graduate at the same rate as whites, but African Americans graduate at much lower rates.
d. Hispanic and black males graduate at the same rate as white males, but Hispanic and black females graduate at much lower rates than white females.
a. African Americans graduate at a rate about 10 percentage points less than whites, and Hispanics graduate at a rate about 30 percentage points less than whites.
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A call option is a contract
A) that gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract. B) that gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract. C) in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price. D) that gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.
Comparing a pure monopoly and a purely competitive firm with identical costs, we would find in long-run equilibrium that the pure monopolist's:
A. price, output, and average total cost would all be higher. B. price and average total cost would be higher, but output would be lower. C. price, output, and average total cost would all be lower. D. price and output would be lower, but average total cost would be higher.