Charles Murray Points Out That

question 254

Multiple Choice

Charles Murray points out that

• A)despite substantial increases in the money that the federal government spent on antipoverty programs between 1968 and 1980,the poverty rate remained exactly the same.
• B)although federal spending on antipoverty programs fell substantially between 1968 and 1980,the poverty rate remained exactly the same.
• C)the only way to substantially reduce the welfare rolls is to enroll all the poor in job training programs that lead to well-paying jobs.
• D)despite the rising number of poor people in recent years,the federal antipoverty programs have been successful.

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Definitions:

Net Operating Income

A measure of a company's profitability from its regular business operations, deducting operating expenses from gross income.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in its sales revenue, indicating the proportion of fixed to variable costs.

Net Operating Income

The profit a company generates from its operations, before taxes and interest, from its primary business activities.

Sales Decline

A decrease in the volume or value of sales over a specific period.