In 2010, the percentage of all U.S. families officially considered to be in poverty was approximately
a. 5 percent.
b. 11 percent.
c. 22 percent.
d. 31 percent.
B
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In the figure above, the deadweight loss is
A) $4,000 an hour. B) $2,000 an hour. C) $1,000 an hour. D) $5,000 an hour. E) zero.
When it was introduced in 1958, the Phillips curve presented policymakers with a "menu" from which they could choose the appropriate:
a. combination of monetary and fiscal policy. b. combination of inflation and unemployment. c. level of aggregate money supply. d. income tax rate.
If the real value of your savings is decreasing over time, we know that the:
A. real rate of interest is positive. B. inflation is zero. C. real rate of interest is negative. D. real rate of interest is zero.
A tariff differs from a quota in that a tariff is
a. levied on imports, whereas a quota is imposed on exports. b. levied on exports, whereas a quota is imposed on imports. c. a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported. d. a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.