The income level below which families are considered to be in poverty is the

a. minimum income
b. negative income
c. poverty ratio
d. poverty threshold
e. standard of living

D

Economics

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Which of the following correctly describes a wage-price spiral?

a. An increase in nominal wages causes inflation, and inflation causes workers to demand even higher wages in order to keep their real income constant. This cycle can repeat itself. b. An increase in real wages due to growth in worker productivity causes inflation, which in turn increases worker productivity. c. A decrease in prices causes workers to demand higher wages, which in turn puts additional downward pressure on prices. d. None of the above.

Economics

The market for bonds is initially described by the supply of bonds - S0, and the demand for bonds - D0, with the equilibrium price and quantity being P0 and Q0. An increase in the nation's wealth, all else constant, would cause the 

A. Bond supply curve to shift to S1. B. Bond supply curve to shift to S2. C. Bond demand curve to shift to D1. D. Bond demand curve to shift to D2.

Economics