The ________ in the United States is set at three times the cost of the Department of Agriculture's minimum food budget.

A. official poverty line
B. cost of living
C. minimum wage
D. Medicare threshold


Answer: A

Economics

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When a firm builds a new factory, this is an example of an investment in

A. the market. B. physical capital. C. research and development. D. human capital.

Economics

Why is the rate of deforestation frequently higher than would be socially optimal?

a. Forests generate benefits, such as oxygen production and erosion control, that go to those who harvest the trees. b. The increased demand for fossil fuels to replace biofuels is major driver of deforestation. c. Deforestation generates costs, such as soil erosion and reduced production of atmospheric oxygen, that are entirely borne by those who harvest the trees. d. Population pressure coupled with a lack of incentives to conserve open-access resources results in deforestation.

Economics

Firms will borrow to finance capital expansion until the MRP of the investment equals the

a. MRP of labor. b. marginal cost of the finished good. c. marginal physical product of capital. d. interest payment charged for borrowing.

Economics

The nations of the European Union currently number _____, since _____ joined in 2013.

A) 50; France and Germany B) 28; Croatia C) 150; Turkey and Greece D) 13; Mexico and Canada

Economics