Economic mobility in the United States is
a. great, so many of those below the poverty line are there only temporarily.
b. rare, so most of those below the poverty line are there for decades.
c. rare, yet many of those below the poverty line are there only temporarily.
d. unrelated to poverty.
a
Economics
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If average cost is decreasing,
A) marginal cost equals average cost. B) marginal cost exceeds average cost. C) marginal cost is less than average cost. D) Not enough information is given.
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The marginal rate of substitution ____ as one moves downward along the indifference curve
a. increase b. remains constant c. decreases d. increases and then decreases
Economics