The incidence of absolute poverty is reduced by
A) annual recalculations of the poverty line.
B) government welfare programs.
C) economic growth.
D) the size of the budget deficit.
C
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Which of the following goals is most likely to help Jane reduce her body fat from 30% to 20%?
a. "I will reduce my body fat to 20% body fat through exercising." b. "I will reduce my body fat to 20% body fat through eating right." c. "I will reduce my body fat to 20% body fat in 2 weeks." d. "I will reduce my body fat to 20% body fat in 20 weeks."
The domestic demand curve, domestic supply curve, and world supply curves for a good are given in the above figure. All the curves are linear. Initially, the country allows imports. Then imports are banned
Calculate how consumer and producer surplus change because of the ban. Is the country better off with the ban on imports? Why?
It's logical, it's a rule of thumb, it's an economic guideline: By producing at a quantity where MR = MC,
a. profit is guaranteed b. profit becomes zero c. the firm incurs a loss d. profit is maximized (or loss minimized) e. the firm should increase quantity
Which of the following statements is true?
A. Sales, excise, and flat-rate taxes violate the ability-to-pay principle of taxation fairness because each results in a smaller burden on the poor than the rich. B. Government failure may occur if voters are rationally ignorant. C. Special-interest group political pressure results only from programs for which benefits outweigh costs. D. Majority-rule voting and benefit-cost analysis result in the same projects being undertaken.