71.Which of the following groups in the United States has the highest median income for married couples?
a.whites
b.blacks
c.Hispanics
d.Asians
72.The real economic story for African Americans over the last 40 years has been the emergence of:
a.free enterprise zones.
b.the African American middle class.
c.government job training programs.
d.a new entrepreneurial spirit.
73.Which of the following families is most likely to live in poverty?
a.Jo and Fred, an African American couple in New York City
b.Sue, a single mother with two children
c.Tom and Stacy, who live in rural West Virginia
d.Ricky and his family, recent immigrants from Mexico
74.Overall, median income of the black population is substantially lowered by:
a.corporate restructuring and downsizing.
b.the high number of female households.
c.high rates of alcohol and drug addiction.
d.negative attitudes toward work.
75.Large ____ differences between various Hispanic groups account for much of the differences in poverty rates.
a.cultural
b.age
c.education
d.family size
76.The United States has experienced almost constant inflation since:
a.the colonial period.
b.1920.
c.the Great Depression.
d.World War II.
77.Inflation simply indicates that:
a.the stock market has crashed.
b.unemployment has reached double digits.
c.nominal prices have risen.
d.government bonds are worthless.
78.The following group that will probably be hurt the least by mild inflation is:
a.retirees.
b.disabled persons.
c.middle-class professionals.
d.families on fixed incomes.
79.A can of Campbell’s vegetable soup cost 10 cents in 1933 and costs $1.19 today. The price of the soup from both 1933 and today is called the:
a.real value.
b.nominal cost.
c.fixed price.
d.inflationary price.
80.A more important measure of the economy than the inflation rate is:
a.the stock market index.
b.real per capita income.
c.the cost of living adjustment.
d.discount interest rates.