The incidence of absolute poverty is reduced by
A. economic growth.
B. annual recalculations of the poverty line.
C. government welfare programs.
D. the size of the budget deficit.
Answer: A
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Commercial bank reserves are typically less than 1 percent of total assets, however in 2013 bank reserves ________ because of ________
A) dropped drastically to near zero; the wave of natural disasters experienced in the nation and around the world B) rose to around 88 percent; the financial crisis of 2008-2009 C) rose to around 18 percent; the financial crisis of 2008-2009 D) rose drastically to around 18 percent; the wave of natural disasters experienced in the nation and around the world E) dropped drastically to near zero; the financial crisis of 2008-2009
In a small Asian country, it is estimated that a $10,000 increase in capital per hour worked will increase real GDP per hour worked by $600. Based on this information, what is the slope of the per-worker production function in this range?
A) 0.06 B) 6.6 C) 66.6 D) 666
If liquidated damages stated in a contract are too low, inefficient breaches will be profitable, and if damages are too high, efficient breaches will not occur
Indicate whether the statement is true or false
Briefly explain how public choice economists feel about the role of special interest groups in the government.
What will be an ideal response?