Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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The principles of comparative advantage and specialization only apply to trade between different nations

Indicate whether the statement is true or false

Economics

What are some of the ways that real-world airlines price discriminate?

What will be an ideal response?

Economics

Which of the following theories explains why increased education translates into higher wages?

a. human-capital theory b. the theory of compensating differentials c. the theory of supply and demand d. comparative advantage

Economics

In general we could say that the decade of the 1980s was a time of

A. more regulation. B. less regulation. C. little change in degree of regulation.

Economics