--%>
Assignment Help - homework help

Define poverty line by the income

Explaining the poverty line by the income needed to maintain a specified standard of living is: (w) a positive poverty standard. (x) a relative poverty standard. (y) a normative poverty standard. (z) an absolute poverty standard.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Open Shops problems Can someone help me

    Can someone help me in finding out the right answer from the given options. Firms which employ workers devoid of needing any form of either dues or union membership are: (i) Agency shops. (ii) Laissez-faire shops. (iii) Closed shops. (iv) Union shops. (v) Open shops.<

    		•
  • Q : Percentage changes in quantity supplied

    The price elasticity of supply can be very approximately computed as the percentage change within: (w) responsiveness of price to variations within the quantity supplied. (x) quantity divided through the intercept coefficient of the supply curve. (y)

    		•
  • Q : Under negative income tax the net income

    Under the negative income tax system demonstrated in this figure, where a family of four all along with earned income of $60,000 yearly would have a net [after-tax] income of: (1) $37,500 per year. (2) $42,500 per year. (3) $50,000 per year. (4) $55,0

    		•
  • Q : Reflecting normal substitution by

    When consumer demand for this industry’s product is relatively inelastic, in that case the curve reflecting normal substitution although the least price elasticity of market demand would be of: (i) curve A. (ii) curve B. (iii) curve C. (iv) curv

    		•
  • Q : Cost structure characteristic in purely

    When Cling Peach Orchards has a cost structure characteristic of peach orchards into this purely competitive industry, when the long run new competitors would most likely enter the market providing the wholesale price per bushel of peaches exceeded: (

    		•
  • Q : Procedure of substituting complicated

    The procedure of substituting complicated machinery for human labor is termed as: (1) automation. (2) bionic engineering. (3) scientific management. (4) robotics. (5) industrial sabotage. How can I solve my

  • Q : Setting a price in profit-maximizing

    This profit-maximizing firm as in demonstrated figure will set a price where: (1) P > MC = MR. (2) MR > MC = P. (3) MR = P > MC. (4) MR = P > MC. (5) P < MC < MR.

    Q : Law of Distribution by Pareto “ Law of

    “Law of Distribution” given by Vilfredo Pareto asserts that the: (w) relative prices for goods reflect how intensively labor is used as an input. (x) the percentages of national income going to labor and to capital is a co

    		•
  • Q : Price discriminate by monopoly firms

    Monopoly firms which can’t price discriminate: (a) are generally forced to shut down into the long run. (b) find this impossible to bar entry by new competitors within the long run. (c) by producing maximize profit where average

    		•
  • Q : Zero or negative marginal utility of a

    Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling

    		•