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True or False
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1
Poverty is more widespread among black families than white families.
A)True
B)False
2
The official poverty level for a family of four is defined as the cost of food times three.
A)True
B)False
3
The capacity utilization ratio is the ratio of actual earnings to earning capacity.
A)True
B)False
4
Absolute poverty must always exist.
A)True
B)False
5
The poverty problem in the U.S. is essentially a problem of laziness.
A)True
B)False
6
The further a Lorenz curve lies from the 45 degree line, the less unequal the income in an economy.
A)True
B)False
7
Discrimination means that equals are treated unequally.
A)True
B)False
8
It is possible for an individual to choose to work less when her wage is increased.
A)True
B)False
9
Marginal product refers to a good of low quality.
A)True
B)False
10
The demand for labor for a firm is given by the MP curve.
A)True
B)False





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