Since 1970, the poverty rate has largely fluctuated between:
A. 5 and 10 percent.
B. 10 and 15 percent.
C. 15 and 25 percent.
D. 0 and 5 percent.
Answer: B
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The rate at which prices in general are increasing is called:
A. the unemployment rate. B. the inflation rate. C. the trade balance. D. the standard of living.
The government wants to increase its spending by $1 billion to stimulate the economy and is counting on the government spending multiplier to help. Taking into account direct expenditure offset effects, what is its best spending option?
A) a new cruise missile for the military B) expanding the school lunch program C) constructing more low income housing D) providing textbooks for college students
Currency speculators are traders who seek to profit from a(n):
a. shift in global demand and supply patterns. b. increase in the price of oil. c. sudden shift in interest rates. d. exchange rate change by selling the currency expected to appreciate and buying the currency expected to depreciate. e. exchange rate change by selling the currency expected to depreciate and buying the currency expected to appreciate.
Indians and Indian-Americans have played a pivotal role in powering Silicon Valley's digital revolution. The emigration of talented people from countries like India to countries like the United States is often called:
A. credentialism. B. the brain drain. C. Malthusianism. D. outsourcing.