Which of the Following Would Be Considered an Economic Explanation

question 20

Multiple Choice

Which of the following would be considered an economic explanation for poverty:

• A) The increasing trend for industries to move from North America to other parts of the world where production costs are cheaper
• B) Racial segregation in communities often results in the concentration of people of color in poor urban environments
• C) Decreasing levels of financial assistance, resources, and services available

---

Definitions:

Northwest-Corner Rule

A procedure in the transportation model where one starts at the upper-left-hand cell of a table (the northwest corner) and systematically allocates units to shipping routes.

Feasible Solution

A potential solution to a problem that meets all the constraints and requirements specified in the problem's definition.

Improvement Indices

Metrics or measures used to quantify the level of improvement or progress in various aspects such as productivity, quality, or efficiency within an organization or system.