gov 312L Questions and Correct Answers

poverty Ans the inability to obtain goods or services understood as sufficient for social defined by minimal needs how does the US define poverty? Ans income poverty line Ans poverty and inequality Ans NOT THE SAME GINI index Ans A 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 Ans sierra leon adam smith Ans -wealth of nations -capitalist -how does a nation become wealthy --pre-cursor to industrial revolution -expanded the idea of productivity thomas malthus Ans -father of demography -natural law of population -human growth--- exponentially -growth of pop outstrips food 4 solutions to overpopulation Ans 1) war 2) famine 3) insecticide 4) disease Daniel Ricardo Ans -"iron law of wage