What do advocates of antipoverty programs believe about fighting poverty?

a. It is most successfully done by charities.

b. It can be done efficiently by the market system.

c. It should not be done with tax dollars.

d. It can make everyone better off.

What is most likely if a profit-maximizing firm starts with 50 employees and then decreases employment?

a. The firm is losing market share.

b. The firm is not likely to be minimizing losses.

c. The value of the marginal product of labour exceeds the wage.

d. The wage exceeds the value of the marginal product of labour.