Chapter 14:
in country a, its population is 300 million, and 50 million people are living below the
poverty line. what is the poverty rate? (show work)

The correct answer is 16.7%

Explanation:

In order to identify the poverty rate for the country A it is needed to calculate how much percent from the general population of 300 million people comprises 50 million people (100 * 50 / 300 = 16.7%).  

On practice, calculation of poverty rate is a more complex matter that requires taking into consideration the particular group and it’s median household income. Alternatively, poverty can be calculated based on the international poverty line, which is not representative, because each country has a different poverty threshold.  

trade regulation is a field of law, often bracketed with antitrust (as in the phrase “antitrust and trade regulation law”), including government regulation of unfair methods of competition and unfair or deceptive business acts or practices. antitrust law is often considered a subset of trade regulation law. franchise and distribution law, consumer protection law, and advertising law are sometimes considered parts of trade regulation law.

in general the theory of economics says that the more open to trade a country is the better   the result for the same country and the whole economies.

in real life countries impose taxes, quotas, etc which is not so good for the economies.

this kind of commercial war between the usa and china is slowing down the growth of the whole world so we can say that it is a draw back of trade regulations. and the free trade agreements are benefits of trade regulations.

answer; group behavior;