Roughly what percentage of Americans were officially considered poor in 2012?
a. 2 percent
b. 9 percent
c. 15 percent
d. 22 percent
c
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When a firm has earnings it has not yet paid out to the owners, those earnings are called
A) surplus capital. B) cash reserves. C) unearned income. D) retained earnings.
Which of the following restrictions implies that private saving and investment are equal for a closed economy?
a. Consumption and private saving are equal. b. The economy's government is running neither a surplus nor a deficit. c. Private saving and public saving are both zero. d. No restriction is necessary; private saving and investment are equal for all closed economies.
Exiting from a peg is relatively ____ compared with exiting from a common currency, which would be ____.
A) difficult; impossible B) easy; more difficult and costly C) complex; simple D) rare; much more common
In the following graph, the price of capital is $100 per unit. What is the marginal rate of technical substitution at point C?
A. 0.14 B. 4 C. 0.4 D. 1.4 E. none of the above