Suppose the average value of in-kind transfers increases by $2,000 from 2013 to 2014 . The poverty rate
a. is more likely to understate the true level of poverty.
b. is more likely to overstate the true level of poverty.
c. will increase by $2,000 divided by the poverty level.
d. Both b and c are correct.
b
Economics
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Spreading wealth across multiple investments is called
A) diversification. B) arbitrage. C) speculation. D) asset liquification.
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The free-rider problem is the absence of an incentive for
A) firms to produce public goods. B) people to use common resources. C) people to pay for what they consume. D) people to vote.
Economics