According to Danziger and Gottschalk, the two most frequent ways low earners escape poverty is working a second job, and help from relatives

Indicate whether the statement is true or false

F

Economics

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Suppose Country A, a relatively capital-abundant country, experiences further expansion in its endowment of capital. Explain how this might affect its volume (amount) of trade and its terms of trade with the rest of the world. Under what conditions (if any) would the economic well-being of Country A decline after the increase in its capital endowment?

What will be an ideal response?

Economics

Which of the following is a market transaction?

A. A stock increases in value over the 30 years that it is owned. B. A radio station changes its programming from classical to rock. C. Weather destroys a farmer's crops, leaving the farmer unable to buy groceries. D. A college student purchases a laptop computer.

Economics