Why have poverty rates fallen for the elderly since 1960?
What will be an ideal response?
The drop in poverty rates among the elderly that has occurred since 1960 is due in part to the increase in government programs for the elderly. Increases in Social Security, Supplemental Security Income and Medicare have played a role in contributing to the reduction in the number of poor elderly in the United States.
Economics
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The United States had the largest real GDP per person until the 2012 when the China's real GDP per person overtook and then exceeded that in the United States
Indicate whether the statement is true or false
Economics
Summarize the three conditions cited in the text under which a cartel is most likely to succeed. Of these three, which do you think is most important? Why?
What will be an ideal response?
Economics