Poverty trap Study guides, Class notes & Summaries

When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government benefits will decline substantially as...

When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government benefits will decline substantially as...

1. Which of the following is a key assumption of the supply and demand model? A) that the price and quantity sold are determined in a single market B) that the prices and quantities sold are simultaneously determined in all markets C) the way the whole economy achieves equilibrium D) that international markets affect domestic markets, which in turn affect local markets 2. A key assumption of the supply and demand model is that: A) each firm's good is unique and cannot be duplic...

Lawyers ADVOCATE for their clients - correct answer support, plead for, speak on behalf of Some employers insist on ACQUIESCENCE and will fire anyone who rebels. - correct answer agreeable; compliant The house had been in the family for generations, so they were AMBIVALENT about selling it. - correct answer indecision; feeling of being pulled in two d...

Development Economics Test With Complete Solutions

BBE Quiz Questions and Answers 2024 Verified 100% According to Dave Morris's 'The Once and Future Carbohydrate Economy', "In 1820, Americans used two tons of [plant matter] for every one ton of [coal/oil]... But by 1975 Americans used ________ ton(s) of [coal/oil] for every one ton of [plant matter]." Eight Natural Resources Include Land Water Fossil Fuels Non-metallic minerals Metallic minerals Air The US is a net exporter of iron ore True According to the 2017 U.S. Energy In...

Microeconomics OCR A Level Test Questions With All Correct Answers Economic goods - ANSWER Goods which benefit society, have the problem of scarcity and have an opportunity cost. Since economic goods are scarce, they have some value, so consumers will pay for them, and they can be traded. Factors which may enable/make easier collusion/cartels - ANSWER There are only a small number of firms in the industry and there are significant barriers to prevent new firms enterin...

Psych 115 Quizzes with 100% Correct Answers Solved You are listening in on a discussion among a group of psychology majors. One major says that field will only move forward if we use objective methods for understanding the principles that guide publicly observable human actions. This statement is most consistent with behaviourism Your friend claims that a diet change led to weight loss and muscle gain for him, and that you should try it too. Which of the following represents a scientific ...

Econ Chapter 14 CORRECT ANSWERS 100% When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government...

Dual economy - answer-small elite and middle class with majority of the population in poverty 6 Variables that impact economic development - answer-1. history of the society 2. social cohesion 3. natural resources al (infrastructure and finance) 5. human services (need an educated workforce 6. population Modernization Theory - answer--1950's and 1960's -inspired by the Marshall Plan -first approach to economic development Marshall Plan - answer-foreign policy that offers aid ...