Author Question: In the U.S. in 2012 the percentage of the Americans living below the poverty line was about A) 15 ... (Read 63 times)

saraeharris · **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