Goods that are very useful and highly desired are likely to be relatively expensive, no matter how scarce or abundant they are

What is the second-largest federal spending category?

a. defense
b. transfer payments
c. interest payments
d. state and local grants

Critics of the U.S. definition of poverty claim it is an inaccurate measure of our poor because:

A. it is a single number that does not capture regional differences in the cost of living. B. it fails to account accurately for expenditures other than food. C. the ratio of food to total income is different now than when the definition of poverty was defined. D. All of these are true.