Which of These Groups Is NOT Among Those Most Likely

question 80

Multiple Choice

Which of these groups is NOT among those most likely to be poor?

• A) African Americans and Hispanics
• B) single-father households
• C) single-mother households
• D) children

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Definitions:

Capital

Refers to financial assets or physical resources that are used in producing goods or providing services.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than others.

Comparative Advantage

An economic principle stating that countries or entities gain and benefit from trade when they specialize in producing goods for which they have a lower opportunity cost than their trading partners.

Production

The process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).