The poverty rate is based on a family's
a. income, in-kind transfers, and other government aid.
b. income and in-kind transfers.
c. in-kind transfers only.
d. income only.
d
Economics
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There is a paradox that water has a high marginal utility, yet we value it little, while diamonds have a low marginal utility, while we value them highly
Indicate whether the statement is true or false
Economics
A negative externality
a. is a cost to a bystander. b. is a cost to the buyer. c. is a cost to the seller. d. exists with all market transactions.
Economics