In the Last 30 Years, the Number of Poor People

question 81

Multiple Choice

In the last 30 years, the number of poor people in the United States in households headed by women has

• A)been constant
• B)increased slightly
• C)increased dramatically
• D)decreased slightly
• E)decreased by half

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Definitions:

Competitive Market

An economic market in which numerous producers compete against each other to satisfy the wants and needs of a large number of consumers.

Pure Monopoly

A pure monopoly occurs when a single company or entity is the sole provider of a particular product or service in a market, with no close substitutes.

Oligopolistic Competition

A market structure characterized by a small number of firms dominating the market, leading to limited competition and high barriers to entry for new competitors.

Competitive Market

A market structure characterized by a large number of sellers and buyers, leading to competitive prices and quality of goods and services.