The poverty line
A. is shifted downward from year-to-year.
B. is constant.
C. is raised from year-to-year.
D. is tied to the unemployment rate.
C. is raised from year-to-year.
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An example of a U.S. export is
A) diamonds mined in Africa sold to buyers in South America. B) a TV made in China sold to a buyer in Azerbaijan. C) matchbooks made in Mexico sold to a buyer in New Jersey. D) a washing machine made in Indiana sold to a buyer in France. E) pasta made in Italy sold to buyers in Spain.
In recent years the life insurance industry has emphasized
A) whole life policies. B) group insurance. C) less risky investments. D) the purchase of short-term assets.
The illegality of organ sales from willing donors to willing recipients is ineffective because:
a. It encourages organ sales b. It discourages wealth creating transactions through the threat of heavy penalty c. It encourages government intervention d. None of the above
Which of the following can lead to the existence of an oligopoly within a particular market?
a. A combination of economies of scale and market demand that creates a barrier to entry b. The government granting a patent for an invention to a single firm c. Lack of room in the market for a firm to raise prices by a single penny d. The market requiring more products than all firms in the market can produce together