According to the World Bank, "extreme" poverty is defined as an income per person of less than
A. $2.50 per day.
B. $5,000 per year.
C. $1.90 per day.
D. $29,000 per year.
Answer: C
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In 2003, the Bush administration revised the tax bill to include provisions to
A) increase taxes on capital gains. B) delay tax increases from the 2001 bill. C) decrease the child tax credit. D) lower taxes on dividends.
In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level
A) marginal private cost equals the marginal private benefit. B) marginal private cost is less than the marginal private benefit. C) marginal social cost equals the marginal private benefit. D) marginal social cost is greater than the marginal private benefit.
If U.S. GDP drops and South Korean GDP remains unchanged, which of the following will happen in the Korean won market?
a. A rightward shift of the supply curve, a depreciation of the won, and a larger number of won traded b. A rightward shift of the demand curve, a depreciation of the won, and a smaller number of won traded c. A rightward shift of the demand curve, an appreciation of the won, and a larger number of won traded d. A leftward shift of the demand curve, a depreciation of the won, and a smaller number of won traded e. A leftward shift of the supply curve, an appreciation of the won, and a smaller number of won traded.
Because of the problem of adverse selection,
A. everyone is typically charged a lower premium. B. low-risk individuals may have a hard time finding insurance worth buying. C. high-risk individuals may have a hard time finding insurance worth buying. D. individuals who buy insurance act more recklessly.