The rate of natural increase in the population of developing countries is most correlated with
(a) advances in developed country technology
(b) increases in developing country income
(c) an increase in the fertility rate
(d) all of the above.
A
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A negative income tax program is
a. based on government cash payments to the poor that are linked to their income levels b. basically an income tax, meaning you receive what you earn then pay your taxes for the poor who don't pay tax c. basically in-kind assistance d. designed to provide a maximum level of income to the poor e. based on cash payments that increase as income increases
A production possibilities curve graphically represents the maximum quantities of two products produced when all resources in the economy are being used efficiently. If an economy operates at a point inside its production possibilities curve,
a. it lacks the resources necessary to produce at full employment. b. it is utilizing some resources inefficiently. c. it does not confront the problem of scarce goods relative to unlimited wants. d. it does not exist in the real world since it is impossible for an economy to operate inside its production possibilities curve.