What is the poverty threshold?
(A) The percentage of people who live in poverty.
(B) The income needed to live in an inner city or rural area.
(C) The income of the lowest 20 percent of families.
(D) The income level below that which is needed to support a family.
Ans: (D) The income level below that which is needed to support a family.
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Cost-benefit analysis requires:
A) choosing the alternative with the least net benefit. B) all costs and benefits to be measured in the same unit. C) evaluating the budget constraint before making a choice. D) that the risks associated with different alternatives are ignored.
One goal of international policy coordination is to minimize the effect of
A) international externalities. B) sterilization. C) optimal currency areas. D) monetary autonomy.
Which of the following characteristics differentiates a monopoly from a perfectly competitive firm?
a. The demand curve for a perfectly competitive firm is a downward-sloping line, while the demand curve for a monopoly is a horizontal line. b. The demand curve for a perfectly competitive firm is a horizontal line, while the demand curve for a monopoly is a downward-sloping line. c. The demand curve for a perfectly competitive firm is a horizontal line, while the demand curve for a monopoly is a vertical line. d. The demand curve for a perfectly competitive firm is a downward-sloping line, while the demand curve for a monopoly is a vertical line.
If you had a marginal tax rate of 15 percent and earned an extra $10,000, how much tax would you pay?
What will be an ideal response?