Examlex
Which of the following is true?
i.A rational choice is always made in the pursuit of social interest.
ii.Economics is a social science.
iii.Economists try to understand how the economic world works by testing positive statements.
Poverty Line
A threshold used to determine the minimum level of income required to secure the necessities of life.
Basic Subsistence
The minimum resources necessary for maintaining the basic levels of living including food, shelter, and clothing.
Federal Government
The national government of a federal country, which holds the ultimate authority over matters that affect the country as a whole.
Homeless
The state of lacking stable, permanent, and appropriate housing, resulting in living on the streets, shelters, or in temporary accommodations.
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