Gov 312L Exam Questions With Correct Answers

Gov 312L Exam Questions With Correct Answers Poverty - answerthe inability to obtain goods or services understood as sufficient for social defined by minimal needs how does the US define poverty? - answerincome poverty line - answer poverty and inequality - answerNOT THE SAME GINI index - answerA statistical measure of the distribution of income in a nation. A higher number indicates more in quality in incomes within a nation from 0-.1 which country has the highest GINI index - answersierra leon adam smith - answer-wealth of nations -capitalist -how does a nation become wealthy --pre-cursor to industrial revolution -expanded the idea of productivity thomas malthus - answer-father of demography -natural law of population -human growth--- exponentially -growth of pop outstrips food 4 solutions to overpopulation - answer1) war 2) famine 3) insecticide 4) disease Daniel Ricardo - answer-"iron law of wages" EXAM STUDY MATERIALS July 30, 2024 11:26 AM -wages stay at certain level thomas carlyle - answercharacterization of economics dismay science what is going on -> gloomy enclosure acts - answera series of United Kingdom Acts of Parliament which enclosed open fields and common land in the country, creating legal property rights to land that was previously considered common. potato famine - answerThis was the famine that occurred in Ireland that killed of thousands of people because the main potato crop could not grow because of bad soil that year karl marx - answer. 19th century philosopher, political economist, sociologist, humanist, political theorist, and revolutionary. Often recognized as the father of communism. Analysis of history led to his belief that communism would replace capitalism as it replaced feudalism. Believed in a classless society. socialism - answereconomic system that means of production are allowed by the state structural issues - answereducation impoverished neighborhood race gentrification handicaps discrimination cultural - answer absolute measure - answerfixed dollar amount that a person or family requires to live relative poverty - answerpeople are poor based in relation to average standards of others living in their society flaws in measuring poverty - answer-lack of regional adjustments -failure to include taxes and the valu