According to the bureau of labor statistics

Assignment Help Business Economics

Reference no: EM13839397

1. According to the Bureau of Labor Statistics, the distribution of consumer expenditures

a. has a HiLo ratio greater than income ratio.

b. has a HiLo ratio equal to income ratio.

c. has a HiLo ratio less than income ratio.

d. shows that the people in this country are not poor.

e. is not a good measure to show income equality.

2. If the negative income tax rate is set at 50 percent and the income floor is set at $5,000, a family that earns $3,000 would have a total income (including the income tax transfer) of

a. $5,000.

b. $3,000.

c. $2,500.

d. $6,500.

e. $8,000.

Reference no: EM13839397

Questions Cloud

Show that with price-taking firms the share of labor : Suppose two countries, A and B, with the same production function Y = K? L1?? . The value of ? is 0.30, the growth rate of population is 2% and the depreciation rate is 5%. Show that with price-taking firms the share of labor must be 1?.

Foreign expatriates have difficulty doing business : One of the major reasons that foreign expatriates have difficulty doing business in the United States is that they do not understand American slang. For U.S. companies going abored for the first time, which forms of nonverbal communication barrier, w..

Discuss the idea of DRG-based prospective payment mechanism : Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..

Reducing the severity of adverse selection problem : Describe the problem of adverse selection when health insurance is offered at a community rated premium? Define the term community rated premium as well. Is it possible to address the problem of adverse selection by increasing the premium level? Why?..

According to the bureau of labor statistics : According to the Bureau of Labor Statistics, the distribution of consumer expenditures. If the negative income tax rate is set at 50 percent and the income floor is set at $5,000, a family that earns $3,000 would have a total income (including the in..

Marginal rate of product substitution is the rate : The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?

Buying and selling of human organs is illegal : In the USA buying and selling of human organs is illegal. Those who need organs cannot buy organs from the market and those who donate organs cannot sell their organs. In your diagram show the effect of this policy change. Will this policy increase t..

Cause a shift in the production possibilities curve : Identify the two events that can cause a shift in the Production Possibilities curve.

Scale effect change firms employment and capital stock : Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. In which direction will the substitution effect..

User Account

All Pages