An annual income of less than $24,000 is
A. Extreme poverty.
B. The poverty rate.
C. Below the poverty threshold.
D. In-kind income.
Answer: C
Economics
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A price floor will be binding only if it is set
a. equal to the equilibrium price. b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price.
Economics
The price index that measures the prices of goods and services purchased by firms is called the:
A. CPI. B. PPI. C. RPI. D. PRI.
Economics
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. If 2014 is the base year, the price index in 2013 is
A. 89.3. B. 96.0. C. 104.0. D. 111.9.
Economics
Why is it that financial intermediaries are so important in most economies?
What will be an ideal response?
Economics