The poverty line is an absolute standard and is based on the cost of providing an adequate diet

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change

Indicate whether the statement is true or false

Economics

The Social Security program is ________ in that it redistributes income from ________

A) progressive; low earners to high earners B) regressive; low earners to high earners C) progressive; high earners to low earners D) regressive; high earners to low earners

Economics