Statistics on families below the poverty line may be overstated because:
A. the poor are primarily children who soon will move out of poverty.
B. poverty in the United States is rich compared to poverty in other nations.
C. the income levels used to measure poverty do not include in-kind transfers.
D. unemployment compensation is a program closed to the poor.
Answer: C
You might also like to view...
The goal of price discrimination is to
a. Convert consumer surplus to producer surplus b. Maximize profits c. Both a and b d. Make pricing decision difficult
A cartel is a group of firms that: a. agree to increase industry output in order to boost profits
b. agree to restrict industry output in order to boost profits. c. agree to differentiate their products from one another. d. together control a significant portion of an industry's output, but fail to consider the behavior of rivals when making decisions.
Since 1970, union membership, as a percent of the labor force,
a. has remained virtually unchanged. b. has increased, as more government workers have decided to unionize. c. has decreased. d. has gone through wild swings both up and down.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30