Which of the Following CANNOT Be Eliminated in a Growing

question 298

Multiple Choice

Which of the following CANNOT be eliminated in a growing economy such as the U.S. economy?

• A) absolute poverty
• B) relative poverty
• C) both absolute and relative poverty
• D) Neither absolute nor relative poverty can be eliminated.

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Definitions:

Put Option

An economic arrangement allowing the holder the option, without being compelled, to sell a designated quantity of an underlying asset at an agreed-upon price within a defined period.

Exercise Price

The price at which the holder of an options contract may buy (in the case of a call) or sell (in the case of a put) the relevant security or commodity.

Expiration Date

In finance, the date at which a derivative contract such as an option or futures agreement ceases to exist.

Tax-Exempt Bonds

Bonds issued by government entities that offer interest payments not subject to federal income tax, and in some cases, state and local taxes.