How does the federal government determine the level of income that constitutes the poverty line for a family of a particular size?
a. The U.S. government defines the poverty line as income at or below three times the amount of money needed to buy basic, nutritionally sufficient food for all family members.
b. The U.S. government defines the poverty line as income at or below four times the amount of money needed to buy basic, nutritionally sufficient food for all family members.
c. The U.S. government defines the poverty line as income at or below twice the amount of money needed to buy basic, nutritionally sufficient food for all family members.
d. The U.S. government defines the poverty line as income at or below five times the amount of money needed to buy basic, nutritionally sufficient food for all family members.
a
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A performance-based standard
a. specifies a pollution limit and lets polluters select the technology to achieve that limit b. is less flexible than a technology-based standard c. designates the equipment or control method to be used for pollution abatement d. none of the above
Jeremiah is not a fan of the ballet, but he believes that his friends all enjoy the cultural experience that ballet brings and he does not want to appear unsophisticated
Unbeknownst to Jeremiah, all of his friends share the same opinion of the ballet as he does, and none of them want to appear unsophisticated to the rest of the grouA) diffusion of responsibility. B) dysfunctional family syndrome. C) pluralistic ignorance. D) a prisoner's dilemma.
A risk averse person's utility of wealth curve has a
A) positive slope and becomes steeper to the right. B) positive slope and becomes flatter to the right. C) negative slope and becomes steeper to the right. D) negative slope and becomes flatter to the right.
The expansion path of product indifference curves shows the cost-minimizing combination of inputs.
Answer the following statement true (T) or false (F)