The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only
B) private income plus cash benefits
C) private income with cash and in-kind benefits
D) private income with Social Security payments subtracted
Answer: C
You might also like to view...
When government expenditures are greater than tax revenues
A) there will be budget surplus. B) the public debt will be reduced. C) there will be budget deficit. D) automatic stabilizers do not kick in.
In the case of oligopolistic markets, self-interest makes cooperation difficult and it often leads to an undesirable outcome for the firms that are involved
a. True b. False Indicate whether the statement is true or false
The optimal allocation of resources is such that:
a. the production of the two goods is equal. b. the marginal benefit of the good is greater than the marginal cost. c. the marginal cost of producing the good is equal to zero. d. the marginal benefit of the good equals the marginal cost.
The reason for the increase in inflation risk over time is due to the fact that:
A. the inflation rate always increases over time. B. we always have inflation. C. investors are more focused on nominal returns than real returns. D. it is more difficult to forecast inflation over longer periods of time.