An absolute poverty line is usually set based on:
A. the lowest quartile of income earners in a society.
B. the lowest 1 percent of all income earners in a society.
C. a certain percentage below the average income in a society.
D. the cost of certain essential goods.
Answer: D
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Provide an example of each allocation method that illustrates when it works badly
What will be an ideal response?
When the Fed buys government securities in the open market, it ________.
A. decreases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate B. increases the excess reserves of the banking system, raising excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate C. increases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus lowering the federal funds rate D. decreases the excess reserves of the banking system, reducing excess reserves for overnight loans in the federal funds market and thus increasing the federal funds rate