U.S. poverty figures do not include in-kind transfers or underreporting of income.
Answer the following statement true (T) or false (F)
True
The income used to determine poverty does not include noncash transfers.
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In the late twentieth century, some regulators began using _______________, which required public utilities to charge a fixed price that would decline slightly over time.
a. cost-plus regulation b. natural monopolies c. price cap regulation d. price deregulation
Which of the following conclusions about supply-side tax initiatives is accepted by most economists?
A. Supply-side tax cuts are likely to benefit the poor as much as the rich. B. Supply-side tax cuts will almost certainly lead to smaller budget deficits. C. Such tax cuts probably will increase aggregate supply quickly, but an increase in aggregate demand will come later. D. Tax reductions aimed at stimulating business investment are likely to have a greater impact than tax reductions aimed at getting people to work longer hours or save more.
Suppose that IBM considers expanding its operations. The expansion will require $400 million for two new factories which the corporation plans to raise by selling stock and bonds. Which of the core principles will come into play as investors decide whether or not to buy the stock and the bonds?
What will be an ideal response?
Which of the following will shift the consumption function upward?
What will be an ideal response?