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Microeconomics-Quiz 1

Microeconomics-Quiz

Q Question 1 1 out of 1 points The distribution of income in a market economy is primarily determined by differences in Question 2 1 out of 1 points Which of the following groups has experienced the greatest DECREASE in poverty rates since 1959? Question 3 The U. S. Department of Agriculture defines the official poverty level as Question 4 The largest drop in the percentage of families below the poverty level occurred Question 5 The major social insurance program in the United States is

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1.Selected Answer: B. resource ownership and the value that resources buyers place on the resources that are sold in the marketplace 2.Selected Answer: C. the elderly 3.Selected Answer: A. income equal to three times the estimated cost of a nutritionally adequate diet 4.Selected Answer: A. in the 1960s 5.Selected Answer: E. Social Security