Which of the following are not counted when we compare a family's income to the poverty line?
a. Cash payments when a worker becomes unemployed.
b. Cash welfare payments such as from social security.
c. In-kind transfers such as food stamps, Medicaid, and public housing.
d. Both In-kind transfers such as food stamps, Medicaid, and public housing, and cash welfare payments such as from social security above are correct.
c
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The bursting of the __________ market was largely responsible for setting off the Great Recession.
Fill in the blank(s) with the appropriate word(s).
A consumer's real disposable income equals
A) wage income plus consumption expenditures. B) wage income plus profit income minus taxes. C) total income minus profit income minus taxes. D) total income minus wage income minus taxes.
A company is producing 15,00 . units. At this output level, marginal revenue is $22 and the marginal cost is $18 . The firm sells each unit for $48 and average total cost is $40 . What can we conclude from this information?
a. The company is making a loss b. The company needs to cut production c. The company needs to increase production d. Not enough information is provided
Firms tend to lower the price of their goods after acquiring a firm that sells a complementary good because
a. They gain market power b. There is an increase in the overall demand for their products c. The bundle has a more elastic demand than individual goods d. The bundle has a more inelastic demand than individual goods