Relative poverty refers to
A. the number of poor in one state relative to another.
B. poverty levels at a stated income cutoff.
C. how a family's income compares to the incomes of those around them.
D. none of these.
Answer: C
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State bank notes usually had a face value that was ______ their market value, while the notes of the First Bank of the U.S. usually had a face value that was ______ their market value
a. greater than; less than b. less than; greater than c. equal to; less than d. greater than; equal to
Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be
a. higher. b. lower. c. zero. d. nearly identical.
The labor force participation rate is the
A. total number of people who are participating in the labor force. B. ratio of the labor force to the total population 16 years old or older. C. the number of people in the labor force minus the number of people who are unemployed. D. ratio of the number of employed people to the number of unemployed people.
Refer to the data provided in Table 17.6 below to answer the following question(s). The table shows the relationship between income and utility for Isabel.Table 17.6 IncomeTotal Utility $00 $40,00020 $80,00050$120,00090$160,000150Refer to Table 17.6. Suppose Isabel has a 25% chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Isabel does not become disabled, she will earn her usual salary of $160,000. Isabel has the opportunity to purchase disability insurance which will pay her her full salary in the event she becomes disabled. Such an insurance policy be worth ________ to Isabel.
A. $0 B. less than $40,000 but more than $0 C. $40,000 or more D. indeterminate from the given information