What is the United States government's formal definition of the poverty line?
A) It is a level of annual income equal to total income in society divided by the population, adjusted for a family of four.
B) It is the annual income level below which a household is exempt from taxes.
C) It is a level of annual income equal to the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.
D) It is a level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition.
D
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As a means of motivating research and development, a patent may stimulate either too much or too little research, relative to the socially optimal level
Indicate whether the statement is true or false
The government considers a market to be unconcentrated if its HHI number is less than ____, and highly concentrated if that number exceeds ____
a. 1,000 . 1,800 b. 100; 9,000 c. 50; 500 d. 500; 1,300