The division of productive activities among persons and regions so that no one individual or area is totally self—sufficient is known as

If we include cash benefits and in-kind benefits available to low-income people, the share of the U.S. population in poverty

A) drops dramatically. B) increases somewhat. C) increases dramatically. D) does not change.

Voluntary exchanges generate:

A. surplus, leaving both participants better off than they were before. B. deadweight loss, leaving both participants worse off than they were before. C. deadweight loss, leaving at least one participant worse off than they were before. D. a transfer of surplus from one participant to another.