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Author Question: In the U.S. in 2012 the percentage of the Americans living below the poverty line was about A) 15 ... (Read 65 times)

saraeharris

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on: Jun 29, 2018
In the U.S. in 2012 the percentage of the Americans living below the poverty line was about
 
  A) 15 percent.
  B) 20 percent.
  C) 5 percent.
  D) 27 percent.

Question 2

Suppose firms in a perfectly competitive market are earning an economic profit. As new firms enter, the price ________ and the economic profit of each existing firm ________.
 
  A) rises; increases
  B) rises; decreases
  C) falls; increases
  D) falls; decreases


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yasmina

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


saraeharris

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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