Which of the following is used to determine if a family is in poverty?
A. The work ethic of the family.
B. The level of education attained.
C. The level of current income.
D. The medical needs of the family.
Answer: C
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Which of the following activities does NOT diversify risk?
A) investing in real estate in various states across the United States. B) writing earthquake insurance policies for the entire Western United States C) writing hurricane insurance policies only in Florida D) purchasing the stock of a variety of different companies
If gold is used as money in an economy, the money supply is easy to control
Indicate whether the statement is true or false
Which of the following statements is consistent with an increase in supply?
A) The price of labor input has increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
What effect did the Iraqi invasion of Kuwait have on the U.S. economy?
a. A rightward shift of the aggregate demand curve b. It had no effect c. A downward shift of the aggregate supply curve d. A leftward shift of the aggregate demand curve e. An upward shift of the aggregate supply curve