Which of the following statements is FALSE regarding the definition of poverty?
A) A threshold income level is used to define poverty.
B) Adjustments to the poverty level are made on the basis of changes in the Consumer Price Index.
C) Real incomes in the United States have been growing at a compounded annual rate of almost 2 percent per capita.
D) Poverty cannot be defined in relative terms.
D
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In monopolistic competition, firms do not have to produce innovative products because they have downward-sloping demand curves
Indicate whether the statement is true or false
Is it possible for an investor to allocate more than 100% of their assets to the stock market?
A) No, this is not theoretically plausible. B) No, federal law prohibits this kind of investment. C) Yes, investors can borrow money to buy stocks on margin. D) none of the above
The country with the largest trade deficit as a percentage of GDP in 2009 was
A. Japan. B. United States. C. France. D. Canada.
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If competition is introduced into the market, the net social gain ________ the area BEC to the extent that firms facing competition may have a greater incentive to cut costs and innovate which result in gains to society.
A. may be greater than B. will be less than C. will be everything beneath D. will be equal to