In determining the poverty level, the Census Bureau counts cash transfers, but not in-kind transfers, thereby understating the actual amount of antipoverty transfers made
a. True
b. False
A
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In the pre-World War I period, the United Kingdom exported mainly
A) manufactured goods. B) services. C) primary products including agricultural. D) technology intensive products. E) livestock.
It costs a furniture company $8,750 to produce 25 tables. The company's total cost will be $9,125 if it produces a 26th table. If the company produces 26 tables, then
a. its average cost is greater than its marginal cost. b. its average cost and its marginal cost are equal. c. its average cost is less than its marginal cost. d. This cannot be determined from the information given.
Which of the following is not a rationing mechanism used by landlords in cities with rent control?
a. waiting lists b. race c. price d. bribes
A decrease in demand is represented by a
a. movement downward and to the right along a demand curve. b. movement upward and to the left along a demand curve. c. rightward shift of a demand curve. d. leftward shift of a demand curve.