Economists agree that the free movement of capital is desirable
Indicate whether the statement is true or false
FALSE
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In the figure above, the second poorest 20 percent of households receive ________ of total income
A) 5 percent B) 10 percent C) 15 percent D) 20 percent
Between 1970 and 2010, the poverty rate in East Asia declined dramatically from about 60 percent to less than 1 percent, while the poverty rate in Sub-Saharan Africa decreased from 40 percent to only 24 percent. The main reason for this is that
A) The countries of East Asia have progressive income tax systems. The countries of Sub-Saharan Africa all have regressive income tax systems. B) Governments in East Asia increased transfer payments to poor families over this period of time. The governments of Sub-Saharan Africa had practically no transfer payment programs from 1970 to 2010. C) the population growth rate decreased in East Asia and increased in Sub-Saharan Africa. D) East Asia experienced higher economic growth than Sub-Saharan Africa.
A deposit in a financial institution that requires notice of intent to withdraw is a
A) savings deposit. B) money market deposit account. C) time deposit. D) certificate of deposit.
Government spending programs that create jobs are often popular because
A) when spending programs are funded by the government there are no secondary effects. B) if a spending program is approved by Congress, it means that the value of what is produced is greater than the value of the resources used to produce it. C) the benefits of job creation are always greater than the costs. Jobs are the key to economic progress. D) the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible.