If people expect the price of packaged coffee to rise next week, coffee demand will:

A. decrease now.
B. increase now.
C. stay the same now and increase next week.
D. stay the same now and decrease next week.

Answer: B

Economics

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Absolute poverty measures vary from country to country. For example, in 2015, the poverty line in the United States for a family of four with two children

was an annual income of $24,250 but economists often use a much lower threshold income of $1 per day when calculating the rate of poverty in poor countries. How is this absolute poverty measured? A) by comparing the amount of goods and services that a household's income can purchase in one country to the amount of goods and services that a household's income can purchase in another country of comparable living standard B) by comparing the amount of goods and services that a household's income can purchase to an objective measure of the amount of income needed to sustain a certain predetermined standard of living C) by comparing the percentage of households living below the poverty line to the total population D) by comparing a household's income to the income required to maintain the average standard of living in a society at a particular time

Economics

Which of the following phrases would be used to describe an income amount?

a. per year b. per month c. per week d. All of the above are correct.

Economics