In 1963, the government first adopted an official definition of poverty: families with incomes below $3,000
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The cost of risk is the same for everyone
Indicate whether the statement is true or false
Economics
The excess of the federal government's spending over its revenues is called the
A. budget surplus. B. surplus deficit. C. budget deficit. D. surplus effect.
Economics
A group of workers who bargain collectively with employers for higher wages and better working conditions is called a:
A. labor union. B. labor monopsony. C. closed shop. D. labor collective.
Economics
In a private closed economy, when aggregate expenditures equal GDP:
A. consumption equals investment. B. consumption equals aggregate expenditures. C. planned investment equals saving. D. disposable income equals consumption minus saving.
Economics