After accounting for taxes and various welfare programs, economist Timothy Smeeding estimates that the average European country's anti-poverty programs reduce their poverty by 60% while
A. U.S. anti-poverty programs reduce poverty by more than 83%.
B. U.S. anti-poverty programs actually increase poverty by 6%.
C. U.S. anti-poverty programs have virtually eliminated poverty among sociologists.
D. U.S. anti-poverty programs reduce poverty by only 26%.
Answer: D
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a. True b. False Indicate whether the statement is true or false
When we are at full employment
A. the unemployment rate is 0. B. the cyclical unemployment rate is 0. C. the structural unemployment rate is 0. D. the frictional unemployment rate is 0.
Comparing an acreage allotment program versus a taxpayer-subsidized price-support program, the acreage allotment program:
A. And the price-support program have similar costs to the taxpayers B. Imposes a smaller cost on the taxpayers C. Imposes a larger cost on the taxpayers D. Does not impose a cost on the consumers
Suppose the inflation rate in Zlanaga has shown an upward trend during the last five years, increasing from 5 percent to 10 percent. To combat inflation, the central bank of the country is likely to: a. lower the discount rate
b. decrease the reserve requirements. c. insure the deposits of customers. d. sell government bonds.