In Relative Terms, Poverty Will Always Exist

question 25

Multiple Choice

In relative terms, poverty will always exist

• A)regardless of how high the average absolute standard of living is.
• B)given an unequal income distribution.
• C)unless there is absolute income equality.
• D)b and c
• E)all of the above

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Definitions:

Negotiable Instrument

A document in writing that confirms the payout of a designated amount of money, whether immediately upon demand or at a specific time, with the name of the person paying listed on it.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named or to the bearer.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law relating to business and commerce across states.

Commercial Paper

Short-term, unsecured promissory notes issued by companies to finance their operations, often with maturities of less than 270 days.