The proportion of the U.S. population below the poverty line
A. rises with upturns of the business cycle.
B. has declined, though somewhat erratically, over the past 40 years.
C. has been virtually eliminated by a vigorous "War on Poverty."
D. covers roughly 20% of the same people year after year.
B. has declined, though somewhat erratically, over the past 40 years.
Economics
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In perfect competition, ________
A) there are restrictions on entry into the market B) firms in the market have advantages over firms that plan to enter the market C) only firms know their competitors' prices D) there are many firms that sell identical products
Economics
The figure above shows Ilene's budget line. The price of a can of cat food is $2. Ilene's income per week is
A) $10. B) $40. C) $56. D) $160.
Economics