If the poverty line is set too high, the official poverty rate will be
A. negative.
B. higher than the true level.
C. lower than the true level.
D. unaffected by this problem.
Answer: B
Economics
You might also like to view...
Which of the following is an example of capital?
A) A cell phone bought by an individual for her younger brother B) A tractor used by a farmer for plowing his field C) A used television set purchased by a family D) Alcoholic beverages served at a corporate event
Economics
The discounted value of a future payment is also referred to as:
A) implicit value. B) explicit value. C) present value. D) temporal value.
Economics