The most common international poverty measure is:
A. the poorest 1 percent of income earners within a given country.
B. the number of people living on less than $5 per day.
C. the absolute poverty line, as defined by the U.S. Census Bureau.
D. the number of people living on less than $1.90 per day.
Answer: D
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The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue?
A) $160 B) $360 C) $320 D) $240 E) $80
One disadvantage of international policy coordination is caused by
A) having to trust another country. B) internalizing international policy externalities. C) monetary unity. D) forced intervention in money markets.
A 95% confidence set for two or more coefficients is a set that contains
A) the sample values of these coefficients in 95% of randomly drawn samples. B) integer values only. C) the same values as the 95% confidence intervals constructed for the coefficients. D) the population values of these coefficients in 95% of randomly drawn samples.
Entrepreneurship is
a. restricted to perfect competition. b. occurs only in well-functioning markets. c. the process of planting new crops. d. the process of taking business risks.