The NAS Poverty Line May Offer a More Accurate Picture

question 34

Multiple Choice

The NAS poverty line may offer a more accurate picture of poverty in the United States than the FPL,but it

• A)is not possible to use it in all 50 states.
• B)may not take into account geographic differences.
• C)may not be as reliable a measure over time.
• D)gives a much more negative picture of poverty in the United States.

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Definitions:

Increasing Cost Industry

An industry in which production costs rise as output increases, often due to factors like limited resources or higher prices for inputs.

Constant Cost Industry

An industry in which the costs of production do not change as the industry's output changes, maintaining the same unit cost for production regardless of scale.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Supply

The total amount of a product or service available for purchase at any specified price.