A commonly-used gauge of poverty is the
a. income inequality rate.
b. average income rate.
c. poverty rate.
d. social inequality rate.
c
You might also like to view...
According to this Application, as the U.S. economy grew from the early 1990s, U.S. exports also increased as our demand for foreign products promoted growth in foreign countries. This increase in exports would tend to
A) decrease U.S. GDP and reduce unemployment in the short run. B) decrease U.S. GDP and increase unemployment in the short run. C) increase U.S. GDP and reduce unemployment in the short run. D) increase U.S. GDP and increase unemployment in the short run.
Larger budget deficits and tighter money tend to produce higher interest rates, a smaller share of investment in GDP, and slower growth.
Answer the following statement true (T) or false (F)
The opportunity cost of producing one car in Germany is 2,000 bushels of wheat, and the opportunity cost of producing one car in Canada is 1,200 bushels of wheat. The two countries can realize mutual gains from trade if they agree on terms of trade that are
a. greater than 2,000 bushels of wheat per car b. less than 1,200 bushels of wheat per car c. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces wheat d. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces cars e. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and each country produces both goods
________ of income redistribution argue that redistribution ________ those who, through no fault of their own, are unable to earn an adequate income.
A. Opponents; helps B. Proponents; harms C. Proponents; helps D. Opponents; harms