The calculation of the poverty line includes adjustments for
a. energy costs.
b. child care costs.
c. the level of prices.
d. the Earned Income Tax Credit.
c
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In the above figure, a rent ceiling of $500 per month would
A) not affect the equilibrium quantity. B) create a shortage. C) raise the rent and cause a surplus. D) reduce the rent and create a surplus.
Whenever marginal cost is below average cost, average cost must fall as output increases
a. True b. False
This table shows the price-level adjustment as compared to the United States. CountryPrice-Level AdjustmentAustralia-0.50China0.25Mexico0.34United States0.00According to the information in the table shown, if someone were to make $35,000, she would be able to buy the most goods and services if she lived in:
A. China. B. Australia. C. the United States. D. Mexico.
Assume you are a Chinese exporter and expect to receive $250,000 at the end of 60 days.You can remove the risk of loss due to a devaluation of the dollar by
A. keeping the dollars in the United States after they are delivered to you. B. buying dollars now and selling these dollars at the end of 60 days. C. selling dollars in the 60-day forward exchange market. D. selling the yuan equivalent in the forward exchange market for 60-day delivery.