If the poverty threshold is set at 50 percent of median income, and if the poverty line is $10,000 . what is median income?
a. $50,000
b. $20,000
c. $10,000
d. $5,000
e. $25,000
B
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Based on the figure above, curve B is the firm's
A) marginal cost curve. B) total cost curve. C) average total cost curve. D) total variable cost curve. E) total fixed cost curve.
All of the following help provide the basis for the Fed controlling the real interest rate in the IS-MP model EXCEPT
A) the Fed controls the federal funds rate through open market operations. B) if expected future inflation remains stable, changes in nominal interest rates reflect changes in real interest rates. C) short-term and long-term interest rates tend to move together. D) the Fed's increased use of TIPS in conducting monetary policy.
A review of the performance of the economy during the Bush administration is the concern of:
a. macroeconomics. b. microeconomics. c. both macroeconomics and microeconomics. d. neither macroeconomics nor microeconomics.
To increase employment, the most effective type of government budget would be a
a. surplus budget. b. balanced budget. c. deficit budget. d. falling budget.