The relative concept of poverty is based on income relative to the
A. poverty line.
B. average income.
C. lowest 10 percent of incomes.
D. highest 10 percent of incomes.
Answer: B
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Imports are products produced in the home country and sold in another country
Indicate whether the statement is true or false
Is it theoretically possible for general equilibrium to be attained? Is it likely that general equilibrium will be attained? Explain
What will be an ideal response?
At any given time,
a. planned investment equals planned saving. b. planned investment equals actual investment. c. planned saving equals actual saving. d. actual investment equals actual saving.
Domestic savings:
A. is equal to domestic income minus consumption spending. B. comes from private households spending less than they earn. C. occurs when government revenues exceed noncapital expenditures. D. All of these are true.