One of the problems with official poverty statistics is that they
a. do not account for inflation.
b. are not adjusted annually.
c. omit in-kind transfers, such as food stamps.
d. omit Medicare payments.
c. omit in-kind transfers, such as food stamps.
You might also like to view...
The short run is the time frame
A) during which the quantities of all resources are fixed. B) that is less than a year. C) during which the quantities of some resources are fixed. D) during which the quantities of all resources are variable. E) during which all costs are implicit costs.
A "normal good" is defined as any good in which
A) a rise in its price will reduce quantity demanded. B) a fall in its price will increase quantity demanded. C) a rise in income will reduce overall demand. D) a fall in income will reduce overall demand.
Firms are more likely to find themselves in a prisoner's dilemma in sequential games as opposed to simultaneous games
Indicate whether the statement is true or false
The "rational expectations revolution" refers to a substantial change in the thinking of ________
A) households and businesses B) policy makers C) macroeconomists D) elected officials