The poverty line is meant to distinguish
A. absolute poverty.
B. relative poverty.
C. absolute inequality.
D. relative inequality.
Answer: A
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Banks in the U.S
A) are prevented from holding assets that are "too risky." B) are not prevented from holding assets that are "too risky." C) are encouraged not to hold assets that are "too risky." D) are not encouraged not to hold assets that are "too risky." E) are encouraged to lend to a single private customer.
In a principal-agent problem, if the contract used leads to the maximum of the principal's and agent's combined value (profits, payoffs), we can say that this contract features
A) inefficiency in production, since only the principal's profits should be maximized. B) inefficiency in production, since only the agent's payoffs should be maximized. C) efficiency in production. D) inefficiency in production, since the agent's payoffs should be maximized and the principal's profits should be minimized.
One of the functions of money is to serve as a:
A. equality enhancer. B. store of value. C. valuation tool. D. sole way to make payments.
The aggregate expenditure line shows total planned spending at each
What will be an ideal response?