Use the Following to Answer Question(s): Income Distribution in the United

question 49

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-Setting a specific income level and then defining a person (or household) as poor if his or her (or its) income falls below that income level is called a(n) :

• A) means-tested test.
• B) relative income test.
• C) absolute income test.
• D) nominal income test.

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Definitions:

Transcontinental Railroad

A continuous network of railroad trackage that crosses a continental land mass with terminals at different oceans or continental borders.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced using all available resources efficiently.

Computerization

The process of applying computers and technology to automate tasks, improve efficiency, and store and process information.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with limited resources.