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Please I need help with this Economics homework. The best example of a good whose consumption is excludable in consumption is: A) a park. B)
Please I need help with this Economics homework.
The best example of a good whose consumption is excludable in consumption is: | ||
A) | a park. | |
B) | an ocean. | |
C) | a bicycle. | |
D) | national defense. |
1. | As more people opt to have children without marrying, ceteris paribus, we should see an increase in poverty. | |
A) | True | |
B) | False |
2 | Poverty rates typically do not vary among different ethnic groups. | |
A) | True | |
B) | False |
3 | Historically, poverty levels are independent of the business cycle. | |
A) | True | |
B) | False |
4. | Periods of economic growth, such as that experienced during the 1990s, had no impact on poverty rates. | |
A) | True | |
B) | False |
5. | The definition of the poverty threshold is universal throughout the world. | |
A) | True | |
B) | False |
6. | Official poverty thresholds measure poverty in households consisting of one, two, three, or four persons only. | |
A) | True | |
B) | False |
7. | U.S. poverty thresholds were developed during the 1960s. | |
A) | True | |
B) | False |
8. | Poverty thresholds are adjusted yearly using the CPI. | |
A) | True | |
B) | False |
9. | Economic discrimination is one of the causes of income inequality. | |
A) | True | |
B) | False |
10. | The distribution of income is correlated with the distribution of human capital. | |
A) | True | |
B) | False |
11. | In comparing the Gini coefficients of two countries, the country with the higher Gini coefficient has the more equal income distribution. | |
A) | True | |
B) | False |
12. | Gini coefficients are measures of an economy's income inequality. | |
A) | True | |
B) | False |
13. | The way income is allocated among the population is reflected in the Lorenz curve. | |
A) | True | |
B) | False |
14. | In a Lorenz curve, perfect income equality is represented by a perfectly horizontal line. | |
A) | True | |
B) | False |
15. | If the income distribution were perfectly equal, all quintiles of the household distribution of income would receive 20% of aggregate income. | |
A) | True | |
B) | False |
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