What level of daily income is the World Bank's measure of extreme poverty?
A. $1.00
B. $1.90
C. $2.25
D. $3.00
B. $1.90
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Arnie's Airlines is a monopoly airline that is able to price discriminate. If Arnie's decides to price discriminate, then
A) Arnie's profit increases. B) consumer surplus increases. C) Arnie's revenues decrease. D) Arnie's sells fewer tickets. E) Arnie can no longer set a price that depends upon the buyer's willingness to pay.
List the four main factors of production
What will be an ideal response?
If the demand curve increases while the supply curve remains unchanged, the equilibrium price would decrease
a. True b. False Indicate whether the statement is true or false
During inflationary periods, consumers will
A. increase their time taken to search for the lowest prices of goods. B. may purchase goods when they need them. C. stick to one store. D. will save more of their income.