Economic mobility in the United States is so great that fewer than
a. 3 percent of families are poor for 8 or more years.
b. 5 percent of families are poor for 8 or more years.
c. 8 percent of families are poor for 8 or more years.
d. 10 percent of families are poor for 8 or more years.
a
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If an investor holds two risky assets with a perfect negative correlation, then risk
A) falls to zero. B) is increased. C) is unaffected. D) is reduced by 50 percent.
A commitment
A) is a promise. B) is a contractual arrangement between parties. C) is when one party states that they will not play a game that ends in a prisoner's dilemma. D) is when a party states that they will engage in a certain type of behavior regardless of what others do.
Which of the following would not shift the demand for good A?
A. Drop in price of good B. B. Drop in price of good A. C. Change in the level of advertising of good A. D. Consumer income.
If an individual is less careful about avoiding accidents or illness because she has health insurance, this is an example of:
A. the free-rider problem. B. the moral hazard problem. C. the adverse selection problem. D. the Coase theorem.