In 2011, the poverty rate in the United States was 15 percent. This means that 15 percent

a. of the population had a total family income that fell below the poverty line.
b. of the population had a total family income that was above the poverty line.
c. of the population had a total family income below $10,000.
d. of the population had a total family income above $50,000.

a

Economics

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If output falls, which of the following could be an explanation?

a. a rise in the interest rate b. a fall in foreign income c. a decline in government spending d. a rise in the interest rate, a fall in foreign income, or a decline in government spending

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If Carla can pick more oranges in one hour than Benjamin, then Carla definitely has a comparative advantage in picking oranges

Indicate whether the statement is true or false

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