The poverty rate is
A. An annual income of less than $29,000 for a family of four in 2014.
B. The percentage of the population that receives food stamps.
C. The percentage of the population that is counted as poor.
D. The income needed for an individual to be above the poverty line.
Answer: C
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When both inflation and unemployment are concerns, supply-side economists argue in favor of policies to shift the
A. aggregate supply curve to the right and lower the CPI, while Keynesian fiscal policy would shift the aggregate demand curve to the right and increase the CPI. B. aggregate supply curve to the left and raise the CPI, while Keynesian fiscal policy would shift the aggregate demand curve to the left and decrease the CPI. C. aggregate supply curve to the right and lower the CPI, which is the same policy Keynesian economists would advocate. D. aggregate demand curve to the right because unemployment is a more important concern than inflation.
Margie listed her real estate for sale at $100,000. If her cost was 80 percent of the listing price, what will her percentage of profit be when her real estate is sold for the listing price?
A) 10 percent B) 15 percent C) 20 percent D) 25 percent
There are several government agencies in the United States that regularly check the balance sheets of banks. This is done to ensure that: a. banks take on risky projects that will earn high returns. b. banks have a positive net worth. c. banks earn sufficient profits
d. banks lend to customers with poor credit ratings.
Use the figure below to answer the following question.
The marginal benefit of the second unit of X is ________.
A. 17 B. 4 C. 5 D. 11