Which of the following would reduce the problem of the poverty trap while still providing financial help to those who need it and assisting them to phase into being self-supporting?
a. Government assistance increased by more than $1 for every $1 earned.
b. Government assistance increased by less than $1 for every $1 earned.
c. Government assistance reduced by more than $1 for every $1 earned.
d. Government assistance reduced by less than $1 for every $1 earned.
d. Government assistance reduced by less than $1 for every $1 earned.
The bite of the poverty trap can be reduced by designing an antipoverty program that, instead of reducing government payments by $1 for every $1 earned, reduces payments by a smaller amount.
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In the product markets, households
A) are neither buyers nor sellers in the market. B) are the buyers of goods and services. C) are the sellers of resources. D) none of the above is correct.
An increase in income produces a parallel, outward shift in the budget line.
Answer the following statement true (T) or false (F)
What is the present value of $100 three years from now at an interest rate of 6%?
A) $83.96 B) $82 C) $94.34 D) $119.10
Which of the following statements about a firm's short-run variable costs is correct?
A. They are always a greater expense than are fixed costs. B. They include the costs of plant and equipment. C. They increase as the level of output decreases. D. They typically include the cost of workers' wages.