The poverty line:
a. equals three times an economy food budget.
b. All of the answers are correct.
c. equals the median income level.
d. separates those on welfare from those not on welfare.
a
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In the long run, a firm in a monopolistically competitive industry has its price equal to its
A) average total cost. B) marginal cost. C) marginal revenue. D) elasticity of demand.
When constructing a production possibility curve for an economy, which of the following is assumed to be constant?
a. The quantity of resources b. The government budget c. The quantity of goods produced d. The price level e. The money supply
A firm's market share can be measured by
a. firm's sales/industry sales b. industry sales/firm's sales c. the concentration ratio d. the HHI e. firm's sales/firm's profits
Which of the following groups are positively affected by foreign direct investment outflows?
A. Taxpayers in the home country B. The owners of the multinationals C. The home country's government D. The home country's labor unions