In 2011, the Census Bureau introduced an alternate poverty measure that is based on:
A. the price of food, and adjusts for geographic differences in the cost of living.
B. the prices of food, clothing, shelter, and utilities, and adjusts for geographic differences in the cost of living.
C. the price of housing, and adjusts for geographic differences in the cost of living.
D. the average income of the lowest quartile of income earners.
B. the prices of food, clothing, shelter, and utilities, and adjusts for geographic differences in the cost of living.
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In the above figure, if there is a negative relationship between the variables x and y, which of the graphs above can be used to indicate this?
A) Figure A B) Figure B C) Figure C D) both Figure A and Figure C
The table above gives some of the entries in the national income and product accounts. What is the value of exports?
A) $350 billion B) $300 billion C) -$25 billion D) $25 billion
Suppose you have a choice between receiving a lump-sum payment of $10,000 today or four annual payments of $2,750 (with the first payment today). Of the following, which is the lowest annual interest rate at which you would prefer the lump-sum payment over the four annual payments?
a. 2% b. 5% c. 7% d. 10%
Refer to the above figure. Profits for this firm will be maximized at
A. point C. B. a quantity between points B and C. C. a quantity greater than point C. D. point B.