A single parent family has half the potential family income of a two-parent family
Indicate whether the statement is true or false
F
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In the Keynesian model, a $5 billion decrease in investment leads to ________ in equilibrium output.
A. a $5 billion decrease B. no change C. a $5 billion increase D. a greater than $5 billion decrease
The law that prohibits price from reaching its equilibrium point, by enforcing a maximum that is below equilibrium is called a _____ and results in a _____
a. price ceiling; shortage b. price ceiling; surplus c. price floor; shortage d. price floor; surplus
Employees often limit their output and engage in soldiering because of the fear that if they exceed output levels this time, management will increase output goals for the next time period. This is called the:
A. benchmark effect. B. ratchet effect. C. incentive effect. D. goal standard effect.
An activity that would not be included in GDP would be:
A. a sweater you knit for your roommate for her birthday. B. paying a company for cleaning your house. C. getting tomatoes from your garden and making salsa with them. D. None of these would be included in GDP.