The absolute poverty line looks at _____________, and the relative poverty line captures ____________
A. who cannot afford the basic necessities; what people can afford compared to those around them.
B. what people can afford compared to those around them; who cannot afford the basic necessities.
C. the percentage of the population that falls within the lowest quartile of income earners; the percentage of the population that earns 40 percent less than the median income.
D. the percentage of the population that falls within the lowest quartile of income earners; what people can afford compared to those around them.
A. who cannot afford the basic necessities; what people can afford compared to those around them.
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Labor force participation is a guaranteed ticket out of poverty
Indicate whether the statement is true or false
If the United States threatens to impose a tariff on Colombian coffee if Colombia does not remove agricultural subsidies, the United States will be
a. better off regardless of how Colombia responds. b. better off if Colombia removes the subsidies, and will be no worse off if it doesn't. c. worse off if Colombia doesn't remove the subsidies in response to the threat. d. worse off regardless of how Colombia responds.