Poverty is considered to be more permanent in the United States than it is in other nations.
Answer the following statement true (T) or false (F)
False
Global poverty is not only more desperate than American poverty, but also more permanent because in some of the poorest nations in the world, output grows more slowly than the population, intensifying the competition for resources.
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The establishment of a government redistributive program such as price supports creates _____
a. higher consumer consumption b. above-normal annual profits c. a transitional gain d. independency among recipients
According to the new classical school, an expected increase in government spending is associated with:
a. a downward movement along the long-run Phillips curve. b. an upward movement along the short-run Phillips curve. c. a parallel outward shift of the long-run Phillips curve. d. an upward movement along the long-run Phillips curve. e. a downward shift of the short-run Phillips curve.
Describe how the marginal utility graphs for the hamburgers and milkshakes would compare for the \ data in the table. Be sure to note whether the slope of each graph would be positive or negative, whether it would approximate a curve or a straight line, and if either graph is steeper
What will be an ideal response?
Which component(s) of U.S. real GDP increased in size relative to total U.S. real GDP from 1950 to 2000?
A. Agriculture and manufacturing. B. Only manufacturing. C. Only agriculture. D. Only services.