A country is categorized as a low-income economy by the World Bank if its per capita income is below:
a. $1,000.
b. $100.
c. $10,000.
d. $50.
e. $5,000.
a
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In the figure above, the poorest 40 percent of all households receive what share of income?
A) 10 percent B) 20 percent C) 40 percent D) 60 percent
Suppose that consumers' preferences are well behaved in that properties 4-1 to 4-4 are satisfied. Furthermore, assume goods X and Y are normal goods and the price of good X decreases. Then the substitution effect will lead consumers to consume:
A. more of good X and less of good Y. B. more of good X and more of good Y. C. less of good X and less of good Y. D. less of good X and more of good Y.
Rent control makes consumers who can find a place to rent worse off.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 10.4 below to answer the question(s) that follow. 
Figure 10.4 Refer to Figure 10.4. Firms will
A. hire 175 units of labor at a market wage of $15. B. hire 100 workers at a wage of $25. C. hire 100 units of labor at a market wage of $15 and have a surplus of $5 per unit of labor. D. indeterminate from the given information