Most cultural theories of poverty assert that the poor lack sufficient desire and motivation to escape poverty
Indicate whether the statement is true or false
T
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If you left $2,500 on deposit with a bank promising to pay you a 5 percent compound annual rate of interest, then after 50 years your deposit would be worth approximately:
A. $28,668 B. $11,467 C. $250,750 D. $2,625
Prices serve the public interest by
A. making resource owners wealthy. B. rationing scarce resources. C. keeping poor people from purchasing more than they can afford. D. forcing the government to participate in the market.
According to the graph shown, total surplus is area:
A. A + B + C.
B. B.
C. A.
D. A + B.
Which of the following statements is true?
a. The most important source of revenue to the federal government is personal income taxes. b. The most important source of revenue to state governments are sales and property taxes. c. The most important source of revenue to local governments are local property taxes. d. The taxation burden, measured by taxes as a percentage of GDP, is lighter in the United States than in most other advanced industrial countries. e. All of these.