Advances in production technology typically reduce firms' costs, which increases the quantity supplied at each price

Seventy percent of Austin's chess club wanted to purchase new chess sets and thirty percent did not. The club purchased the sets. Which method of allocation best describes the choice to purchase the sets?

A) force B) sharing equally C) command D) majority rule E) lottery

Which of the following is not counted as income when the official poverty rate is calculated?

a. Medicaid benefits. b. dividends derived from the ownership of stock. c. earnings derived from a part-time job. d. money income derived from transfer payments.