Which person is most likely to be poor? A person who is
A. over 65 years of age.
B. black.
C. white and under 6 years of age.
D. living in a female-heading family with children under 18.
D. living in a female-heading family with children under 18.
You might also like to view...
Industria and Agraria are two neighboring countries. Suppose Good X is the only good produced in both the countries and is a function of physical capital and efficiency units of labor
It is found that a one unit increase in capital leads to a higher increase in the production of Good X in Agraria than in Industria. What is the reason behind this if the number of efficiency units of labor in both the countries are equal?
People who choose not to participate in fair gambles are called
a. risk takers. b. risk averse. c. risk neutral. d. broke.
Which of the following would be considered a private good?
a. a ferry boat ride to an island with open seating b. a public beach c. fish in the ocean d. a swimming suit
Assume that the MPC is 0.75, and investment spending rises by $25 billion. How much will real GDP change?
A. $25 billion B. $75 billion C. $100 billion D. $175 billion