Between 1960 and 1973 the poverty rate ___; between 1973 and 1983 the poverty rate ___.

If it is said that a currency is overvalued against the dollar, it is meant that:

A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime. B) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime. C) the dollar is worth less of that currency than it would have been under a flexible exchange rate regime. D) the dollar is worth less of that currency than it would have been under a managed exchange rate regime.

Since it is always a negative number, economists use the convention of taking the absolute value of:

A. the elasticity of total revenue. B. the price elasticity of surpluses. C. the price elasticity of shortages. D. price elasticity of demand.