The poverty rate in 2008 was _________ the poverty rate in 1960.
A. much lower than
B. a little lower than
C. about the same as
D. a little higher than
A. much lower than
Economics
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An increase in autonomous consumption means that
A) the consumption function shifts down. B) the consumption function shifts up. C) the consumption function becomes steeper. D) the consumption function becomes less steep.
Economics
The owner of a perfectly competitive firm is currently earning an economic profit of zero. This owner
A) should shut down since profits of zero are not good. B) should raise the price of the product to increase profits. C) is covering all of his fixed costs. D) will continue producing in the short-run but will shut down in the long run if profits do not increase.
Economics