Poverty is considered to be more permanent in the United States than it is in other nations.
Answer the following statement true (T) or false (F)
False
Global poverty is not only more desperate than American poverty, but also more permanent because in some of the poorest nations in the world, output grows more slowly than the population, intensifying the competition for resources.
Economics
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Refer to the figure above. What is the producer surplus when Lithasia engages in trade and the government imposes a tariff of $1 on chairs?
A) $5 B) $20 C) $30 D) $40
Economics
If the inflation rate in 2014 was 12.5 percent and the price index for 2012 (the base year) was 100, the price index for 2014 was _____
a. 120.5 b. 121.5 c. 112.5 d. 102.5
Economics