By monitoring financial diaries of several of the world's poorest families, economists found that a challenge facing the poor was:
A. their income fluctuated a lot, in addition to being low.
B. they did save any money to pay down debts.
C. they often did not diversify their savings and had "their eggs all in one basket".
D. All of these are true.
Answer: A
You might also like to view...
The elasticity of supply is calculated by
A. determining the slope of the supply curve. B. dividing the absolute change in quantity supplied by the absolute change in price. C. dividing the percentage change in quantity supplied by the percentage change in price. D. dividing the percentage change in price by the percentage change in quantity demanded.
Given MU1/P1 > MU2/P2 and MU1 = MU2, how could you create a state of consumer equilibrium?
a. Make P1 equal to P2. b. Make MU1 greater than MU2. c. Make P1 less than P2. d. Make MU1 greater than P2.
Monopolistic competitive firms are productively inefficient because production occurs where:
A. Price is greater than marginal revenue B. Marginal cost is less than price C. Marginal cost is not at its lowest D. Average total cost is not at its lowest
Government and private efforts to promote the production of "gasohol" using corn-based ethanol is an attempt to:
A. Increase the supply of certain farm products B. Increase the demand for certain farm products C. Decrease the demand for certain farm products D. Decrease the supply of certain farm products