Official poverty rates in the last 40 years have
A) fallen dramatically.
B) risen dramatically.
C) stayed roughly the same.
D) been eliminated.
Answer: C
Economics
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If net taxes fall by $80 billion, we would expect
A) the government deficit to fall by $80 billion. B) household saving to rise by $80 billion. C) household saving to fall by more than $80 billion. D) household saving to rise by less than $80 billion.
Economics
If, for a given percentage increase in price, quantity supplied increases by a proportionately larger percentage, then supply is
A) unit elastic. B) relatively inelastic. C) elastic. D) perfectly elastic.
Economics