The official definition of poverty is based on a comparison of cash and in-kind benefits with family size.
Answer the following statement true (T) or false (F)
False
The official poverty index is based on the money income received by an individual; for example, a family of four is considered to be in poverty if their combined income is less than $23,850 (2014 data).
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The demand for the Franconian franc in the foreign exchange market equals 14,000 - 3,000e and the supply of francs in the foreign exchange market equals 2,000 + 2,000e, where e is the nominal exchange rate expressed in U.S. dollars per franc. If the franc is fixed at 2 U.S. dollars per franc, then to maintain this fixed rate Franconia's international reserves must:
A. decrease by 4,000 dollars per period. B. increase by 4,000 dollars per period. C. decrease by 2,000 dollars per period. D. increase by 2,000 dollars per period.
In the generalized dividend model, the current stock price is the sum of
A) the actual value of the future dividend stream. B) the present value of the future dividend stream. C) the present value of the future dividend stream plus the actual future sales price. D) the present value of the future sales price.
An internationally discriminating monopolist is one that:
a. can charge different prices to each customer in its domestic market. b. can charge different prices in its domestic and foreign markets. c. faces a downward-sloping demand curve in its domestic market and a perfectly elastic demand curve in its foreign market. d. faces a perfectly elastic demand curve in its domestic market and a downward sloping demand curve in its foreign market.
Some contend that the outcome of any free market is ultimately inequitable because
A. some people become rich while others remain very poor. B. public goods will be underprovided by the government. C. periods of unemployment and inflation still occur. D. firms are not forced to take external costs into account.