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Which of the Following Statements About Poverty Is (Are)correct

question 133

Multiple Choice

Which of the following statements about poverty is (are) correct?
i.Blacks and Hispanics have higher poverty rates than whites.
ii.Over the last 40 years,poverty rates for all groups have generally increased.
iii.Most household spells of poverty last well beyond 9 months.


Definitions:

Breakeven

A financial situation where revenue equals costs, resulting in neither profit nor loss.

Mark-up

The margin calculated by subtracting the cost of a product or service from its sale price, then dividing by the cost, expressed as a percentage.

Retail Price

The price at which goods are sold to the public, typically higher than the wholesale price.

Mark-up

Increment on the buying price of products targeted to offset operational costs and profits.

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