Education makes workers aware of the latest production techniques and less receptive to new approaches and methods

A country will likely experience an increase in poverty if

A) its population decreases over time. B) its real GDP per person growth rate increases over time. C) it does not receive foreign aid. D) its inflation rate decreases or slows over time. E) its real GDP growth rate decreases or slows over time.

If the demand curve for a good is elastic, consumers will spend more on that good when its price increases

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