The U.S. inflation adjusted poverty threshold in 2014 was set at $35,000 per year for a family of four.

Answer the following statement true (T) or false (F)


False

The poverty threshold in the United States was set at an annual income of $29,000 for a family of four.

Economics

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As disposable income ________, planned consumption expenditure ________ by a ________ amount

A) decreases; increases; larger B) increases; decreases; smaller C) increases; increases; larger D) increases; increases; smaller E) decreases; increases; smaller

Economics

The French economist Jean-Baptiste Say transformed the equality of total output and total spending into a law that can be expressed as follows:

a. Unemployment is not possible in the short run. b. Demand and supply are never equal. c. Supply creates its own demand. d. Demand creates its own supply.

Economics

Comparing the short-run Phillips curve and the long-run Phillips curve, we see that there is

A) no relationship between the two curves. B) no tradeoff in either curve. C) a tradeoff in both curves. D) only a long-run tradeoff between inflation and unemployment but not a short-run tradeoff. E) only a short-run tradeoff between inflation and unemployment but not a long-run tradeoff.

Economics

In the presence of a negative externality generated by producing a good, a competitive market will produce more of that good than is socially optimal

What will be an ideal response?

Economics