The official government measure of poverty uses the relative approach to defining poverty

Examples used in the text to illustrate "competition among the few" include all of the following industries except

a. cereal b. airline c. fish d. automobile e. baby food

The school of thought that emphasizes the possibility that an economy can be in equilibrium at less than full employment with inflation and argues that by managing aggregate demand, government can achieve the most acceptable combination of unemployment and inflation is the

a. Keynesian b. neo-Keynesian c. monetarist d. supply-side school e. rational expectations school