Answer the following statements true (T) or false (F)
1. Unemployment insurance is a form of in-kind transfer payment to reduce poverty.
2. The federal government employs an absolute rather than a relative measure to determine poverty.
3. The total number of people in poverty has changed little since the late 1960s.
4. The poverty rate for blacks is almost three times that for whites.
5. Poverty is a condition that randomly strikes all members of the population equally.
1. FALSE
2. TRUE
3. TRUE
4. TRUE
5. FALSE
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A country with a large, relatively unskilled labor force using labor-intensive methods to grow crops is an example of
a. efficient use of scarce resources b. inefficient use of scarce resources c. a third-world country d. marginal costs
Ford Motor Company started producing the Model A at plants scattered around the United States
A) to locate its production centers closer to its customers. B) because it was not able to attract skilled workers in Michigan (where its first plant was located). C) because diseconomies of scale at its initial River Rouge plant resulted in high production costs. D) to save on transport costs.