The official poverty rate for all persons declined sharply between 1959 and:
A. the 2000s.
B. the 1970s.
C. the 1980s.
D. the 1990s.
Answer: B
You might also like to view...
Foreign investment in the U.S. causes the
a. balance on current account to become positive b. sum of the capital and current accounts to be positive c. balance of trade to become negative d. quantity of imported services to increase e. value of the dollar to increase
Could a country be open to international capital flows, control its domestic interest rate and fix its exchange rate? Explain.
What will be an ideal response?
Net capital outflow equals the purchase of
a. foreign assets by domestic residents. b. domestic assets by foreign residents. c. domestic assets by foreign residents - the purchase of foreign assets by domestic residents d. foreign assets by domestic residents - the purchase of domestic assets by foreign residents
The price of one piece of pizza is $2 and the price of movies is $4. The consumer has $14 of income. The consumer is purchasing 3 pieces of pizza and receiving 20 utils for the last piece. He is also purchasing 2 movies and receiving 40 utils for the
last movie. This set of goods A) is an optimum since the entire income is spent and the marginal utility per dollar spent is the same for the last unit of each good. B) is an optimum since the entire income is spent and total utility is minimized. C) is not an optimum because the marginal utility per dollar spent is greater for pizza than for movies. D) is not an optimum because the consumer has not spent all of his money.