American poverty is more about absolute deprivation, and poverty in the rest of the world is more about relative deprivation.
Answer the following statement true (T) or false (F)
False
Poverty in the rest of the world is much different from poverty in America. American poverty is more about relative deprivation than absolute deprivation. In the rest of the world, poverty is entails absolute deprivation.
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During the demographic transition the population growth rate
a. slows down b. rises c. rises and then slows down d. increases in spurts followed by long periods of stagnancy e. none of the above
Consider a society consisting of just a farmer and a tailor. The farmer has 30 units of food but no clothing. The tailor has 60 units of clothing but no food. Suppose each has the utility function U = F1/3C2/3
If the price of clothing is always $1, and the food price is currently $1, then we can conclude A) the market is at a competitive equilibrium. B) the price of food will drop towards a competitive equilibrium. C) the price of food will increase towards a competitive equilibrium. D) None of the above.
For a monopoly, when marginal revenue is zero:
A. profits are maximized. B. total revenue is maximized. C. marginal revenue is minimized. D. marginal costs are minimized.
How could transferable pollution rights lead to pollution being reduced at the lowest possible opportunity cost?