Poverty rated tend to be higher than average for:
a. those 65 years or older
b. those under 18 years
c. both of the above
d. neither of the above
Answer: b. those under 18 years
Economics
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Holding all other factors constant, consumers demand more of a good the
A) higher its price. B) lower its price. C) steeper the downward slope of the demand curve. D) steeper the upward slope of the demand curve.
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Abstraction is used in economics to omit unnecessary details and focus on the essence of the problem being studied
a. True b. False Indicate whether the statement is true or false
Economics