The poverty line is an absolute standard and is based on the cost of providing an adequate diet
a. True
b. False
Indicate whether the statement is true or false
True
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If the economy falls into a recession, automatic stabilizers will cause
A. tax receipts to rise and government spending to fall. B. tax receipts to fall and government spending to rise. C. both tax receipts and government spending to rise. D. both tax receipts and government spending to fall.
Refer to Figure 13.1. Assume the voting method used to select a location for the recreation center is the instant runoff method. With this method, each voter ranks the towns in order of preference, from first to fourth
The town with the fewest first-place votes will be eliminated, and anyone who voted for that town will have their first-place vote transferred to the town they liked next best. This process continues until only one town is left, and that town will be declared the winner. With this method, the first town to be eliminated is A) Desert Sands. B) Glacier Cove. C) Mountain View. D) Oceanside.
If Cruise with Us and Cruise the World are two luxury cruise lines in tacit collusion and Cruise with Us launches a new advertising campaign that states that it will meet any competitor's price on a comparable cruise, Cruise with Us might be tacitly signaling to Cruise the World that they are willing to ________.
A) maintain current the price B) cut price is exactly half C) raise their price D) lower their price
Current income minus spending on current needs equals:
A. wealth. B. investment. C. transfers. D. saving.