The poverty line goes up as the size of the household increases. A doubling of the family size
A. exactly doubles the poverty line.
B. less than doubles the poverty line.
C. more than doubles the poverty line.
Answer: B
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A rise in the money supply __________ the natural rate of interest
A) lowers B) raises C) has no effect on D) has an uncertain effect on
A minimum wage is an example of a
A) price floor. B) price ceiling. C) quantity quota. D) free market equilibrium.
Some poor countries appear to be falling behind rather than catching up with rich countries. Which of the following could explain the failure of a poor country to catch up?
a. The poor country has a health epidemic such as the Zika virus b. The poor country imposes heavy tariffs to protect infant industries c. The poor country has many corrupt officials d. All of the above
In order for a recession to occur real GDP would have to fall for at least _____ business quarter(s).
A. one B. two C. three D. four