Which of the following CANNOT be eliminated in a growing economy such as the U.S. economy?
A) absolute poverty
B) relative poverty
C) both absolute and relative poverty
D) Neither absolute nor relative poverty can be eliminated.
Answer: B
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Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1
What is the value of Nick's consumer surplus for the milkshakes he buys? A) $2 B) $9 C) $3 D) $10
The discount rate is the interest rate charged by:
A. major banks to their best customers. B. banks for overnight loans to other banks. C. the Fed on loans of reserves to banks. D. banks for loans of less than 24 hours.
Any change in the economy that raises desired national saving for a given value of the real interest rate will shift the desired national saving curve to
A. the right and decrease the real interest rate. B. the left and decrease the real interest rate. C. the left and increase the real interest rate. D. the right and increase the real interest rate.
A household is helped, on the ________ side, when its net profits or wages rise and is helped, on the ________ side when the prices of goods and services decrease.
A. flow; stock B. uses; sources C. sources; uses D. input; output