Which of the Following Observations Concerning Poverty Rates in America

question 39

Multiple Choice

Which of the following observations concerning poverty rates in America is true?

• A)Major increase in poverty in the decade from 1963 to 1973.
• B)It hit an all-time low by 1983.
• C)The economic boom of the 1990s restored it almost to its 1970s levels.
• D)It decreased from 2007 to 2009.

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Definitions:

Legal Tender

Legal tender refers to money that must be accepted if offered in payment of a debt in the jurisdiction where the payment is being made.

Medium Of Exchange

An item that buyers give to sellers when they want to purchase goods and services.

Standard Of Living

The degree of wealth and material comfort available to a person or community, often measured by factors such as income, quality of housing, and access to healthcare and education.

Medium Of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.