The Poverty Rate Is Defined as

question 9

Multiple Choice

The poverty rate is defined as

• A)individuals or families whose earnings are between 100% and 125% of the poverty line.
• B)an individual's economic position compared with the living standards of the majority in the society.
• C)the percentage of people whose income falls below the official poverty line.
• D)the amount of yearly income a family requires to meet its basic needs.

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Definitions:

Express Authority

The power or permission that is explicitly granted to an individual or entity by way of spoken or written words.

Subsequent Ratification

The act of officially approving or confirming a decision or agreement after it has already been made or implemented.

Principal's Identity

Information that discloses or specifies who the principal (the party for whom an agent acts) is in an agency relationship.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, including the ability to sue and be sued, own property, and engage in other legal activities.