The U.N. has established a Millennium Poverty Goal of cutting in half by 2015 the number of people in extreme global poverty.
Answer the following statement true (T) or false (F)
False
The U.N. established a Millennium Poverty Goal of cutting the incidence of extreme global poverty in half by 2015 (from 30 percent in 1990 to 15 percent in 2015).
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The discount rate is the interest rate charged by:
a. major banks to their best customers. b. banks for overnight loans to other banks. c. the Fed on loans of reserves to banks. d. banks for loans of less than 24 hours.
Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. If demand for wheat is D2, then a profit-maximizing firm will produce ________ units and earn a profit of ________.
A. 13; $0 B. 15; $30 C. 13; $91 D. 7; $0
Refer to the data provided in Table 17.1 below to answer the following question(s). The table shows the relationship between income and utility for Jane.Table 17.1 IncomeTotal Utility $00$20,00025$40,00045$60,00060$80,00070Refer to Table 17.1. Suppose Jane has a 1/3 chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Jane does not become disabled, she will earn her usual salary of $60,000. Jane has the opportunity to purchase disability insurance which will pay her her full salary in the event she becomes disabled. On average, how much would such a contract cost the insurance company (per person)?
A. $20,000 B. $30,000 C. $40,000 D. $60,000
Which of the following statements is true?
A) Price controls strengthen the functioning of the invisible hand. B) Price controls weaken the functioning of the invisible hand. C) Price controls always benefit buyers and make sellers worse off. D) Price controls always benefit sellers and make buyers worse off.