To bypass capital controls, people who need foreign currency sometimes resort to:
a. forward foreign exchange markets.
b. stock markets.
c. black markets.
d. farmers markets.
Ans: c. black markets.
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The threshold income level originally used to determine official poverty statistics was based on
A) an income three times the amount of money needed to purchase a nutritionally adequate diet. B) standards provided by the United Nations based on studies done in poor countries around the world. C) the highest income of the lowest one-fifth of families in the country. D) a per capita income of $1,000 in 1958 prices.
Which of the following best fits the definition of unemployed?
A. not working at a gainful pursuit, either in or out of the home B. not working but looking for a job C. retired and not working D. working less than a full work week
In the classical model, desired saving
A. is equal to desired investment. B. is less than desired investment. C. exceeds investment. D. is inversely related to real income.
Ryan's income is $1,700 and his net taxes are $700. His disposable income is
A. $2,400. B. $1,700. C. $1,000. D. $700.