________ occurs when one party takes advantage of having more information than another party about the attributes of the good or service they will exchange

Less of an economy's resources will be channeled into building new factories and equipment when: a. interest rates are high

b. households decide to save more of their income. c. firms are optimistic about their future profits. d. aggregate income increases. e. an economy has a trade deficit.

The problem with using a basic needs measure of poverty is that

a. the median income changes b. what we think of as basic needs now differs from what basic needs were 20 years ago c. we don't know how to measure basic needs d. basic needs is a relative concept of poverty e. population changes