<u>Explanation:</u>
Rhetorical questions are asked in order to persuade the audience and prove them the statement rather than providing information. Mack utilizes the rhetorical questions to make his audience think about the topics asked as questions. The thoughts of different types of people are analysed.
By making the audience to think about the topics Mack keeps the audience engaged. The audience also find it interactive and communicate their thoughts on the topic effectively. Hence these questions set stage for Mack's argument and engage his audience.
Answer:
a.Elasticity of demand is p = k/q (an inverse relationship between the price and quantity)
b.My answer in part (a) means that an increase in the price of the item will lead to a decrease in its demand, hence the following applies
1.All prices are critical points of the revenue function.
2.Revenue is increased by lowering the price
Answer:Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.
Explanation:
Efficiency will undoubtedly suffer if the US government increases assistance payments to the poorest Americans while raising income taxes on the wealthiest Americans and an increase in inequality.
<h3>What will happen if the U.S. raises taxes on the wealthiest Americans?</h3>
Every society must choose between equality and productivity. If the US government increases assistance payments to the poorest Americans while raising income taxes on the wealthiest Americans, the outcome will probably be a decline and increased inequality in the United States.
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A person is poverty-stricken if they are considered to be very poor. A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
<h3>Who is poverty-stricken poverty?</h3>
A poverty-stricken person suffers from the effects of extreme poverty: Some beggars are impoverished and homeless.
There are few jobs for farmers who have moved to cities from poverty-stricken areas in search of work.
It is characterized by excessive indulgence, low self-regulation, exploitation of others, and limited motivation and effort.
Therefore, Option C is the correct answer that is A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
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