The poverty threshold income level is
a. an absolute amount that applies to all families equally (i.e., $20,000 household earnings for 2010).
b. variable with respect to family size and composition.
c. adjusted once each decade, with the census numbers.
d. all of the above.
B
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Which of the following policy actions could speed productivity growth?
I. Tax incentives to encourage saving II. Encouraging international trade III. Directing public funds toward financing basic research A) II only B) I and III C) I only D) I, II, and III
If households fail to recognize that debt-financing represents a future liability (in the form of higher taxes), they will tend to consume
a. less and pass less net wealth on to future generations. b. more and pass more net wealth on to future generations. c. less and pass more net wealth on to future generations. d. more and pass less net wealth on to future generations.