The minimally adequate living standard for a U.S. family of four is known as the
A. United Nations Poverty Goal.
B. U.S. poverty threshold.
C. Global poverty standard.
D. Millennium Poverty Goal.
Answer: B
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Technological progress should lead to
A) an outward (rightward) shift in the investment function. B) an unchanged investment function. C) a downward movement of the investment function. D) less saving.
As interest rates rise, other things equal,
A) investment decreases. B) money demand decreases. C) capital inflows increase. D) All of the above.
Which condition would generate a violation of the Ricardian Equivalence?
A) downward sloping labor supply curve B) underdeveloped credit markets C) inflationary monetary policy D) deflationary monetary policy
Refer to the table below. What is Crunchy Fruits total marginal cost to produce 13,250 units?
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $3.05
B) $1.80
C) $1.25
D) $3.00