Which statement is most accurate?
A. There is virtually no poverty in the U.S. because the standard of living of all Americans has at least tripled since World War II.
B. Compared to the average citizens of Bangladesh, Ethiopia, and Zambia, most of our poor would be considered relatively well off.
C. Most of those living below the poverty line are homeless.
D. As welfare programs are cut back the poverty rate will decline.
B. Compared to the average citizens of Bangladesh, Ethiopia, and Zambia, most of our poor would be considered relatively well off.
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Expected value is
a. (Probability of state A+Value in state A) (Probability of state B+Value in state B) b. (Probability of state AValue in state A)+(Probability of state BValue in state B) c. (Probability of state AValue in state A)-(Probability of state BValue in state B) d. (Probability of state A-Value in state A) (Probability of state B-Value in state B)
If the yen price of dollars falls, then the dollar price of yen rises
a. True b. False Indicate whether the statement is true or false
Agricultural explanations of the business cycle are not as important today as they were 50 to 75 years ago because today
a. agricultural production is more mechanized. b. agricultural production is a smaller portion of the total economy. c. agricultural production is greater. d. we eat less.
The biggest benefit to members of a union is:
A. being able to bargain as a group. B. negotiating minimum wage legislation. C. keeping non-union workers out of their industry. D. getting raises without having to do any work.