The poverty line is the income level
A. earned by a worker employed full time at the minimum wage.
B. below which a family is officially considered “poor.”
C. above which a family is not entitled to government assistance.
D. that is the average for American families.
Answer: B
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It is more profitable for a firm to be_______ than ________
a. In perfect competition; monopolists b. A monopolists; in perfect competition c. Not in business; in business d. All of the above
Give an appropriate remedy for correcting excessive pollution and note any difficulties in implementing it.
What will be an ideal response?
If real GDP in 2016 (using 2009 prices) is lower than nominal GDP of 2015, then
A) prices in 2016 are higher than prices in 2015. B) prices in 2016 are lower than prices in 2015. C) real GDP in 2016 is larger than real GDP in 2015. D) nominal GDP in 2016 equals nominal GDP in 2015.
Ms. Mandelblatt made $25,000 in 1990, the base year. By 1995 she was earning $40,000. If the CPI was at 150 by 1995, how much were Ms. Mandelblatt real wages that year and by what percentage had they changed since 1990?
What will be an ideal response?