In the United States, programs to reduce poverty have
a. been very successful
b. been too costly to attempt
c. backfired and caused greater poverty
d. been the most successful among the democratic, market economies
e. been moderately successful
E
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Which of the following are considered sources of bias in the CPI?
a. Prices changing too rapidly; substitution, new technologies; and quality changes. b. Prices changing too rapidly; substitution; quality changes; and growth in discounting. c. Quality changes; new technologies; prices changing too rapidly; and growth in discounting. d. Substitution; new technologies; prices changing too rapidly; and growth in discounting. e. Quality changes; new technologies; substitution; and growth in discounting.
Everything else equal, wages are likely to be higher when
a. the work is safer. b. more skill is required to perform well on the job. c. the work environment is more prestigious. d. the location of the job is more desirable.
A fixed exchange rate causes:
A) transaction costs to increase. B) efficiency to increase only if the economies are integrated. C) efficiency to increase under all circumstances. D) volume of trade to decline.
Fixed costs exist only in the:
A. long run when some inputs are fixed. B. long run when all inputs are fixed. C. short run when all inputs are fixed. D. short run when some inputs are fixed.