When the Census Bureau counts the number of poor Americans, it counts
A. Only money income.
B. Personal income plus transfer payments.
C. Only in-kind income.
D. Both in-kind and money income.
Answer: A
Economics
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According to the efficient markets hypothesis, the difference between today's price for a share of stock and tomorrow's price is
A) predictable given currently available information. B) equal to today's price minus yesterday's price. C) unforecastable. D) zero.
Economics
Why do we analyze the steady state in the Malthusian model?
A) Because that is all we know how to do. B) Because there is a non-steady state that is not interesting. C) Because this is the Pareto optimum. D) Because the long run equilibrium of the model is the steady state.
Economics