If all poor families had the same income and no more than 4 persons, nearly one-eighth of the nonaged poor would no longer be counted as poor
Indicate whether the statement is true or false
T
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According to this Application, one strategy proposed to deal with the rising expenses of government entitlement programs is for the government to save and invest now so as to reduce the burden on future generations. This strategy would
A) not change GDP, but shrink entitlement programs. B) increase GDP and eliminate entitlement programs. C) increase GDP, and entitlement programs would increase along with GDP. D) increase GDP and entitlement programs would decrease.
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $15, the firm will
A) shut down. B) leave the market in the long run. C) stay in the market in the long run. D) make an economic profit.
Which of the following makes a firm's resources hard to imitate?
a. They flow from the firm's unique history b. The link between resources and advantage is simple c. They aren't socially complex d. All of the above
Which of the following should not be counted in a cost-benefit analysis?
a. direct benefits and costs b. real secondary benefits c. technological secondary costs d. pecuniary benefits e. intangibles