Social Security is an income support program, designed primarily to maintain the living standards of the poor
a. True
b. False
Indicate whether the statement is true or false
False
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The expected rate of return from a share of stock consists of:
a. a dividend return b. capital appreciation (or depreciation) c. interest d. a and b only e. a, b, and c
In the study of labor supply, "leisure" refers to
a. time spent sleeping. b. time spent doing absolutely nothing (except breathing). c. time spent in one's place of residence. d. time spent that is not spent in market work.
A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest
What is an opportunity cost?
What will be an ideal response?