The U.S. basic needs threshold of poverty is determined by the
a. President of the United States
b. United States' Congress
c. Department of Commerce
d. Bureau of Labor Statistics
e. United Nations
D
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Gross Domestic Product measures the
A) quantity of the goods and services produced in a given year, listed item by item, within a country. B) income of the business sector within a country. C) market value of the final goods and services produced in a given year within a country. D) measures the market value of the domestic labor in a given year within a country. E) market value of the final goods and services consumed by households in a given year within a country.
Laissez-faire advocates believe that the government should
a. nationalize certain industries b. not provide tax incentives to firms for research c. foster an environment that is favorable to research d. actively use price controls when excess profits are earned e. outlaw monopolies which use research to further their power
Public choice economists point out that under the idea of rational ignorance, people are likely to vote ______.
a. only if they think it will make a difference b. for a losing candidate multiple times c. only for someone they agree with on every issue d. regardless of the burden it places on them
In 2009, ___________ exceeded Germany in value of exports becoming the world's largest exporter.
A. China B. Japan C. Canada D. Germany