Which statement is true?
A. The poverty line is raised each year.
B. The poverty line is lowered each year.
C. The poverty line stays the same from one year to the next.
D. None of these statements are true.
A. The poverty line is raised each year.
Economics
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The Coase theorem says that, if the appropriate property right is assigned to ____, an efficient solution to an externality problem will be achieved
a. the party causing the externality b. the victim of the externality c. the party that can avoid the externality at the higher cost d. either one of the parties involved
Economics
Give an example that shows what happens to economic profits when firms enter a monopolistically competitive industry.
What will be an ideal response?
Economics