Which of the following CANNOT be eliminated in a growing economy such as the U.S. economy?
A) absolute poverty
B) relative poverty
C) both absolute and relative poverty
D) Neither absolute nor relative poverty can be eliminated.
B
Economics
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Let's assume producers in Canada can make 200 units of beef or 50 units of oranges, and U.S. producers can make 50 units of beef or 200 units of oranges per time period. Which country faces the lowest opportunity cost of producing beef?
A) The U.S. B) Canada C) Both countries D) Neither country
Economics
The employment rate is measured as the percentage of the
A. Total population that is employed. B. Workforce that is employed. C. Nonmilitary population that is employed. D. Adult population that is employed.
Economics