How can GDP per capita and poverty rates indicate standards of living in each system? [They can indicate standards of living in each system because GDP per capita is generally lower, and poverty rates are generally higher, in countries with lower standards of living.]

When discussing comparative and absolute advantage, which best describes specialization? developing expertise in certain types of production limiting the types of goods and services produced targeting specific consumers and retailers producing certain items for specific market segments the answer is: the act of limiting the kinds of goods and services produced

Explain how the poverty level is determined. on edinuity* the possible answer may the poverty level is defined by the u. s. bureau of the census and it is determined by calculating the cost of providing an adequate diet. this number is then multiplied by three because research has indicated that poor people spend a third of their income on food.

What is one example of economic policy? a. a state government increasing tax rates b. a neighborhood group collecting money to build a playground c. a city building a new school d. a company giving high-performing employees a raise