Wednesday, August 5, 2009

Help me pwease?

31: True or False: Not only is the desire for riches condemned, but those who already are wealthy are described as barely able to enter the kingdom, if at all.



True



False



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32: True or False: Jesus said that we would always have poor people.



True



False



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33: True or False: During the Great Depression, the American unemployment rate reached as high as 53%.



True



False



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34: True or False: Poverty is the condition for more than twenty-five million Americans, or one in eight people, including one-sixth of the nation%26#039;s children.



True



False



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35: True or False: A controlled market is a market where price is determined by the unregulated interchange of supply and demand.



True



False



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36: True or False: A free market is where supply, demand, and price are set directly by government.



True



False



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Help me pwease?interest only loan





31. Is partially true. It%26#039;s not having money that is a problem (see Solomon and David) but the love of money is a problem. This is found in 1 Timothy 6:10. The second part of this is referring to the rich young ruler see Matthew 19:24, Mark 10:25 and Luke 18:25



32. True. Reference Matthew 26.11, Mark 14.7, and John 12.8



33.False. In 1929 unemployment rose to greater than 25% and Unemployment jumped from 14.3% in 1937 to 19.0% in 1938 but never reached 50%.



34. Partially True it%26#039;s actually worse than the question implies. The official poverty rate in the U.S. has increased for four consecutive years, from a 26-year low of 11.3% in 2000 to 12.7% in 2004. This means that 37.0 million people were below the official poverty thresholds in 2004. This is 5.4 million more than in 2000. The poverty rate for children under 18 years old increased from 16.2% to 17.8% over that period. The current poverty rate is measured according to the 2006 HHS Poverty Guidelines.



35. False. A controlled market is where price controls of some sort are enacted by the government.



36. False. A free market is completely subject to the invisible hand of the market (Adam Smith) and by Supply and demand.

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