Defining global poverty in the context of American standards would classify most people in the developing world as poor

Indicate whether the statement is true or false

T

Economics

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Doctor Hugh R. Sick recommends his patient take 2 units of insulin per day to successfully manage her diabetes condition. In a different office across town, Doctor I. M

Dismal, an economics professor, tells his student to read every assigned textbook chapter to successfully pass economics. In spite of the sage advice of the doctor and professor, the economic way of thinking recognizes A) patients don't always follow their doctor's orders. B) students don't always follow their professor's pleas. C) substitutes for prescriptions and textbook assignments exist; patients and students demonstrate their desire for substitutes through their actions. D) all of the above are true.

Economics

The recent increase in popularity of professional basketball has resulted in

a. a decrease in the price of tickets to basketball games b. an increase in the price of professional basketball tickets c. increased competition among pro basketball teams d. a rise in the price of college basketball tickets e. the bankruptcy of some pro basketball teams

Economics