The U.S. government counts both cash income and in-kind transfers when determining the poverty rate.
Answer the following statement true (T) or false (F)
False
In-kind transfers allow poor families to enjoy a higher living standard than their cash incomes imply. Adding those transfers to cash incomes would bring the U.S. poverty count down into the 9-11 percent range because currently only cash income is considered.
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A vertical demand curve for a particular good implies that consumers are
A) sensitive to changes in the price of that good. B) not sensitive to changes in the price of that good. C) irrational. D) not interested in that good.
The official unemployment rate disguises the extent of the unemployment problem because: a. children are not counted as unemployed
b. retired persons are not counted as unemployed. c. full-time students are not counted as unemployed. d. discouraged workers are counted as unemployed. e. people overqualified for their current job are not considered unemployed.
A decrease in oil prices is considered a demand shock because it would lead to a shift of the aggregate demand curve
a. True b. False
An asset whose value is based on the value of another asset is called a:
A. dividend. B. bond. C. derivative. D. stock.