In 2018, the poverty threshold for a family of four in the United States was $24,755.
Answer the following statement true (T) or false (F)
True
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The slope of a horizontal straight line is infinity
a. True b. False
If the economy is in a recession, the Fed is likely to:
A. buy bonds through open market operations. B. increase the discount rate. C. increase the reserve requirement. D. print more currency.
We would expect the cross elasticity of demand between Pepsi and Coke to be:
A. positive, indicating normal goods. B. positive, indicating inferior goods. C. positive, indicating substitute goods. D. negative, indicating substitute goods.
The Trade Adjustment Assistance Act is focused mainly on assisting:
A. U.S. firms to establish export markets around the world B. Other nations to become familiar with, and adjust to, U.S. products C. Workers displaced by imports or plant relocations abroad D. Businesses who wish to globalize and compete in the world market