The federal government began officially measuring poverty in the
A) 1860s.
B) 1900s.
C) 1980s.
D) 1960s.
Answer: D
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Consider a market in which there is an import tariff. Which of the following is TRUE?
A) The lost consumer surplus equals the gain in producer surplus plus the government revenue plus the deadweight loss. B) The lost consumer surplus equals the gain in producer surplus. C) The lost consumer surplus equals the gain in producer surplus plus the government revenue. D) The lost consumer surplus plus the deadweight loss equal the gain in producer surplus plus the government revenue.
Consumers don't always have to pay the maximum price they are willing to pay
Indicate whether the statement is true or false
The 1991 Maastricht Treaty can be best described as
A) a peace treaty between Europe and the United States. B) an agreement for the accession of the Netherlands into the EU. C) an agreement for the creation of a free trade area. D) a provision for the introduction of a single European currency and European central bank. E) the beginning of a floating exchange rate European monetary system.
If input prices adjusted just as quickly as output prices, the profit effect leading to an increase in RGDP supplied would disappear
a. True b. False Indicate whether the statement is true or false