In What Ways Does the US Federal Poverty Level Adjust

question 23

Multiple Choice

In what ways does the US federal poverty level adjust?

• A) It fluctuates with people's employment status.
• B) It considers the number of people in the household and for changes in the cost of food.
• C) It changes every year depending on inflation.
• D) It factors in average rent and health care costs.

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Definitions:

Domestic Opportunity Cost

The opportunity cost of producing goods domestically rather than importing them, measured by what is given up in the domestic production of other goods.

Capital-Intensive Products

Products that require a high amount of capital investment in machinery and equipment relative to labor input in their production process.

Capital Resources

Assets such as machinery, tools, and buildings that are used in the production of other goods and services.