More than a quarter of the population experiences ________ poverty at some point in their lives, perhaps due to losing a job or experiencing sickness or injury.
A. abject
B. transient
C. chronic
D. None of these is true.
Answer: B
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To examine how total production in an economy has changed over time, it would be better to examine
A) nominal GDP. B) real GDP. C) GDP at current prices. D) All of the above would give equal measures of production changes over time.
Human capital refers to the accumulated skills and training that workers possess
Indicate whether the statement is true or false
Refer to Figure 24-1. Ceteris paribus, a decrease in interest rates would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
The European Union is seen as a less than optimal currency area because
A) of a lack of labor mobility and fiscal integration. B) of a lack of fiscal integration and capital mobility. C) of disagreements over fiscal policy and trade restrictions. D) of the national identity lost with the euro.