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1.
What is the approximate poverty rate for minority women who are
heads of households in the United States?

A. 75%
B. 38%
C. 20%
D. 10%
E. 50%
2. Approximately what percentage of the total national income
is owned by the poor is 40% of households in the United
States?
A. 12%
B. 3%
C. 40%
D. 7%
E. 20%
3. According to the kinked demand curve theory the behavior of
firms in an oligopoly creates a demand curve that is__________ at
prices above the cartel price and___________ at prices below the
cartel price
A. Downward-sloping; upward-sloping
B. More elastic; more inelastic
C. Perfectly inelastic; Downward -sloping
D. More inelastic; more elastic
E. More inelastic; upward sloping