The minimally adequate living standard for a U.S. family of four is known as the
A. U.S. poverty threshold.
B. Global poverty standard.
C. United Nations Poverty Goal.
D. Millennium Poverty Goal.
Answer: A
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Both successful market-processes ?and central planning rely on self-interested behavior.
Answer the following statement true (T) or false (F)
Refer to the table above. What is the total revenue when the monopolist charges a price of $6?
A) $1,550 B) $1,800 C) $2,150 D) $3,200
An efficiency wage premium serves the same function as a bond because, just as with a bond, the premium represents
A) the amount the employee loses if caught shirking. B) the expected value of the amount the employee loses if he shirks. C) the cost of monitoring the employee. D) the gain to the employee if he shirks.
The consumer confidence index can be defined as:
a. an economic index that measures how consumers feel about their government. b. an economic index that measures how confident companies are about keeping their current consumers. c. an economic index that measures household expectations about the economy. d. an economic index that measures how investors feel about their investments in the stock market. e. an economic index used to measure consumers' confidence on a particular brand.