In an attempt to reduce the poverty rate, there has recently been a movement away from income maintenance programs to
A) Supplemental Security Income programs.
B) reducing the age a person can retire at.
C) encouraging people to get jobs.
D) incorporating the Lorenz policy in decisions.
C
Economics
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If two countries specialize in the production of goods in which they have a comparative advantage, they can experience gains from trade
Indicate whether the statement is true or false
Economics
An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. What is the opportunity cost for Rich to produce one radio?
A. 4 TVs B. 1/3 TV C. 1/6 TV D. 1/12 TV
Economics