An example of a poverty trap is:
A. the malnourished not having enough energy to develop their economy.
B. the uneducated not knowing how to further develop their economy.
C. those who do not have basic immunizations not being healthy enough to develop their economy.
D. All of these are examples of poverty traps.
D. All of these are examples of poverty traps.
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If the supply and demand curves for a product both decrease, then equilibrium:
A. quantity must fall and equilibrium price must rise. B. price must fall, but equilibrium quantity may rise, fall, or remain unchanged. C. quantity must decline, but equilibrium price may rise, fall, or remain unchanged. D. quantity and equilibrium price must both decline.
Figure 10-9
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Figure 10-9 describes which of the following periods in the United States?
A. 1930s B. 1973–1975 C. late 1990s D. 2007–2009