The basic problem with the government setting an absolute poverty line is that it is
A. completely objective.
B. somewhat arbitrary.
C. unconstitutional.
D. based on average income.
Answer: B
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Disney and Fox must decide when to release their next films. The revenues received by each studio depend in part on when the other studio releases its film. Each studio can release its film at Thanksgiving or at Christmas
The revenues received by each studio, in millions of dollars, are depicted in the payoff matrix above. Which of the following statements CORRECTLY describes Disney's strategy given what Fox's release choice may be? A) If Fox chooses a Thanksgiving release, Disney should choose a Christmas release. B) If Fox chooses a Christmas release, Disney should choose a Thanksgiving release. C) Disney should release on Thanksgiving regardless of what Fox does. D) Both answers A and B are correct.
Discuss the likely impact of each of the following on the unemployment rate:
a. The length of time workers are eligible to receive unemployment insurance payments is cut in half. b. The government passes a law making labor unions illegal. c. The minimum wage is raised by 50 percent. d. The government funds an Internet site where companies can post job openings at no charge.
The most likely complementary good for cereal would be:
A. a bagel. B. milk. C. pizza. D. a sub sandwich.
Advertising intended to induce a consumer to discover a previously unknown taste or preference is
A. persuasive advertising. B. direct advertising. C. mass marketing advertising. D. informational advertising.