​Which of These Is Not Associated with the Term Poverty

question 14

Multiple Choice

​Which of these is not associated with the term poverty threshold?

• A)the level of income below which a family is officially considered to be poor
• B)established annually
• C)a health care program for the elderly
• D)the federal poverty line
• E)the basis for determining eligibility for a variety of social programs

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Definitions:

Short-Run

A period during which at least one input (for example, plant size, machinery) in the production process is fixed and cannot be changed.

Tangent

A straight line that touches a curve at a single point without crossing it, often used in geometry and calculus to represent the slope of the curve at that point.

Diseconomies of Scale

An economic concept referring to a situation where, as a firm expands, the costs per unit increase.

Long-Run Average Total Cost Curve

A graphical representation that shows the lowest average total cost at which a firm can produce any given level of output in the long run, where all inputs are variable.