The most common international poverty measure is:
A. the number of people living on less than $1.90 per day.
B. the number of people living on less than $5 per day.
C. the absolute poverty line, as defined by the U.S. Census Bureau.
D. the poorest 1 percent of income earners within a given country.
A. the number of people living on less than $1.90 per day.
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Government clean up toxic waste sites is _____
a. justified on public good grounds b. justified on externality grounds c. justified on equity grounds d. justified on technical monopoly grounds
Leverage is essential to a bank’s profitability, but it also increases risk.
Answer the following statement true (T) or false (F)
To follow an outward-oriented strategy, a country that has scarce natural resources and abundant labor supplies should _____
a. export primary goods and import manufactured products b. export manufactured goods and impose import restrictions on primary goods c. export both primary and manufactured products d. export primary goods and impose trade restrictions on manufactured goods e. export manufactured products and import primary goods
Which is true?
A. A per unit tax levied in an industry with a horizontal demand curve will be all paid by the producer. B. A seller never pays all of a per unit tax no matter what the market conditions. C. A per unit tax levied on the producer in an industry with a horizontal supply curve will be all paid by the producer. D. A producer never pays all of a per unit tax no matter what the market conditions.