The United States' official measure of poverty is measured by
A. only cash income.
B. cash income and capital gains.
C. only in-kind income.
D. the imputed value of rent payments.
A. only cash income.
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Use the figure below to answer the following question.
The diagram shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from S1 to S3?
A. a decrease in the price of wheat B. an increase in the cost of maintaining the equipment used in wheat farming C. an increase in the number of acres of farmland allocated to wheat D. a decrease in the cost of maintaining the equipment used in wheat farming
Getting more output from a given amount of inputs is usually the result of increases in
a. the labor force. b. technology. c. the capital stock. d. investment.
For a monopoly, the socially efficient level of output occurs where
a. marginal revenue equals marginal cost. b. average revenue equals marginal cost. c. marginal revenue equals average total cost. d. average revenue equals average total cost.
Which of the following is correct?
a. The labor-force participation rate of women has increased in part due to smaller families.
b. The labor-force participation rate of men has decreased in part due to men retiring younger and living longer.
c. Both a and b are correct.
d. Neither a nor b is correct.