Advocates of antipoverty programs claim that

a. the government has good information about what people are willing to pay to eliminate poverty.
b. fighting poverty is a public good.
c. private sector will incur higher costs than the public sector for these programs.
d. All of the above are correct.


b

Economics

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As more firms enter a perfectly competitive industry, the industry supply curve shifts

a. to the left and price falls b. to the right and price rises c. to the right and price falls d. to the left and price rises e. in an unpredictable way

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If a price floor is set below the current market clearing price, then

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