The level of income below which the federal government classifies a family as poor is called the:
A. median income threshold.
B. poverty threshold.
C. absolute measure of poverty.
D. relative measure of poverty.
Answer: B
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In the above figure, if we begin at S2 and the Fed buys bonds
A) the price of bonds falls, and the interest rate rises. B) the price of bonds falls, and so does the interest rate. C) the price of bonds rises, and so does the interest rate. D) the price of bonds rises, and the interest rate falls.
A ________ is a person who wants to enjoy the benefits of a public good without contributing his or her marginal benefit to the cost of financing the amount made.
A. free rider B. politician C. price maker D. price optimizer
A measure of the average price of a given class of goods or services relative to the price of the same goods and services in a base year is called a:
A. real quantity. B. real price. C. rate of inflation. D. price index.
The value you give today to money you will receive in the future is called the future payment's
A) present value. B) future value. C) historical value. D) time-sensitive value.