The decline of the poverty rate for the elderly can be attributed to
a. Temporary Assistance for Need Families (TANF)
b. tax increases
c. Medicaid
d. the political power of the elderly
e. increased resource earnings
D
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The income elasticity of demand is the percentage change in the ________ divided by the percentage change in ________
A) quantity demanded; the price of a substitute or complement B) quantity supplied; price C) quantity demanded; price D) quantity demanded; income E) quantity demanded when income changes; the quantity supplied
The management function of a sufficiently large firm should be separated from finance and residual claimancy because of:
a. differences in skill requirements and opportunity costs. b. differences in attitudes towards risk. c. differences in investment choices and responsibilities. d. differences in beliefs about a new strategy's probability of success.