Poverty is
A. an absolute, not a relative concept.
B. a relative concept, not an absolute.
C. both an absolute and a relative concept.
D. neither an absolute nor a relative concept.
C. both an absolute and a relative concept.
You might also like to view...
Explain why increasing the government budget deficit can decrease investment spending
What will be an ideal response?
The graph for a monopolist’s profits shows that the firm’s total profit is ______.
a. $100
b. $200
c. $400
d. $600
Refer to the following graph.
The perfectly competitive firm depicted is currently:
A. incurring a loss that is larger than total fixed cost, and so the firm should shut down. B. earning positive economic profit. C. incurring a loss, but the loss is smaller than the firm's total fixed cost. D. earning zero economic profit.
The reasons behind this decline in employment could be all of the following except
What will be an ideal response?