Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The person's real income is
A) $40.
B) $13.33 in terms of bagels.
C) $13.33 in terms of coffee.
D) $8.
C
Economics
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Refer to the scenario above. Which country is likely to have the highest rate of poverty?
A) Techland B) Ritzland C) Neoland D) Eduland
Economics
A key innovation of the Carter administration (1976-1980) was
a. dramatic expansion of Social Security and Medicare programs. b. large tax cuts, especially for the wealthy. c. deregulation of airlines, trucking, railroads and the financial services industry. d. government control of gasoline and food prices.
Economics