Which statement is most accurate?
A. There is virtually no poverty in the U.S. because the standard of living of all Americans has at least tripled since World War II.
B. Compared to the average citizens of Bangladesh, Ethiopia, and Zambia, most of our poor would be considered relatively well off.
C. Most of those living below the poverty line are homeless.
D. As welfare programs are cut back the poverty rate will decline.
B. Compared to the average citizens of Bangladesh, Ethiopia, and Zambia, most of our poor would be considered relatively well off.
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If the price level rises, there is
A) a leftward shift of the demand for money curve. B) an upward movement along the demand for money curve and the curve does not shift. C) a downward movement along the demand for money curve and the curve does not shift. D) no movement along the demand curve for money and the curve does not shift. E) a rightward shift of the demand for money curve.
A firm's managers need information on the firm's revenue and costs as well as information on the value of a firm's assets and the amount of the firm's debts to answer three basic questions
Which of the following is not one of those three basic questions? A) how to produce it? B) where to produce? C) what to produce? D) what price to charge?