Official poverty rates in the last 40 years have
A) fallen dramatically.
B) risen dramatically.
C) stayed roughly the same.
D) been eliminated.
C
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Which of the following statements is correct?
A. Both perfectly competitive and monopolistic firms are price makers. B. Both perfectly competitive and monopolistic firms are price takers. C. A perfectly competitive firm is a price taker, while a pure monopoly is a price maker. D. A perfectly competitive firm is a price maker, while a pure monopoly is a price taker.
What does it mean when one currency is "pegged" against another currency?
What will be an ideal response?
Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory
In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship between costs and output for the larger factory is represented by the curve ATC2. a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain? b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain. c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?
Which of the following is not a reason for the establishment of intergovernmental transfer programs?
a. Higher level governments want to encourage lower governments to undertake certain programs. b. Taxes are harder to avoid at higher levels of government. c. To provide for national defense resources utilized at the local level. d. Equalization of resources between richer and poorer localities