The growth in the number of poor families since 1965 results overwhelmingly came from a growth in the number of what?
a. elderly
b. female householders
c. children
d. immigrants
b
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Use the following saving schedule to answer the next question. As income falls from level 3 to level 2, the amount of
A. dissaving increases. B. saving increases. C. dissaving decreases. D. saving decreases.
In the official labor statistics, discouraged workers are:
a. counted as employed. b. counted as unemployed. c. included in the labor force. d. not included in the labor force. e. considered to be seasonally unemployed.
Consumer spending is an injection in the circular flow of income and spending
a. True b. False Indicate whether the statement is true or false
When demand is perfectly elastic:
a. the demand curve is vertical. b. the demand curve is horizontal. c. consumers do not respond to price changes. d. suppliers do not respond to price changes.