The USDA threshold income level was originally based on the cost of
A. basic clothing.
B. a nutritionally adequate food plan.
C. housing.
D. transportation.
Answer: B
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Kedran is indifferent between option A, which gives her $10,000 for sure, and option B, which gives her $5,000 with probability 0.4 or $15,000 with probability 0.6. Kedran's cost of risk for option B is
A) zero. B) $1,000. C) $5,000. D) $10,000.
The statistical indicators of business cycle changes contain
a. leading indicators. b. lagging indicators. c. roughly coincident indicators. d. All of these.
Merely demonstrating that wages are lower for blacks and females does not in itself prove wage discrimination
a. True b. False Indicate whether the statement is true or false
The shape of the short-run average total cost curve is a result of
A) economies of scale. B) diseconomies of scale. C) the law of diminishing marginal product. D) falling profits.