Critics of the U.S. definition of poverty claim it is an inaccurate measure of our poor because:
A. it is a single number that does not capture regional differences in the cost of living.
B. the ratio of food to total income is different now than when the definition of poverty was defined.
C. it fails to account accurately for expenditures other than food.
D. All of these are true.
D. All of these are true.
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Answer the following statement true (T) or false (F)
Describe the functions of the Federal Reserve System
In the long run, an economy's production of goods and services depends on its supply of a. labor, natural resources, capital, and available technology. b. labor, natural resources, and capital only
c. labor, and natural resources only. d. labor only.
Which of the following events would lead to a decrease in demand for air travel?
A. A decrease in rail fares B. An increase in income levels C. A decrease in the number of people who are afraid to fly D. A decrease in oil prices