If those who are poor at any one time are poor only temporarily, then their plight is only temporary. This statement is based on which of the following assumptions?
a. Many spells of poverty are relatively short-lived.
b. Government spending in the economy is inadequate.
c. All phases of the business cycle are temporary.
d. Education infrastructure in the economy is poor.
e. Once people fall below the poverty line, it is almost impossible for them to rise above it.
a
You might also like to view...
How is the official poverty line determined in the United States? What alternative method of measuring poverty has been suggested? Explain
What will be an ideal response?
Which of the following models results in the greatest total profit, assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot B) Stackelberg C) Monopoly D) Perfect competition
Two goods are ________ if the quantity consumed of one increases when the price of the other decreases
A) normal B) superior C) complementary D) substitute
A small number of firms competing with each other is characteristic of: a. monopolistic competition. b. perfect competition
c. oligopoly. d. monopoly.