Analysis of the economic status of poor people reveals that
a. most are poor because they did not have the opportunity to obtain training and a quality education.
b. most had poor parents, grandparents, and great-grandparents, suggesting that poverty is inherited.
c. the poverty population is very homogeneous regarding opportunity, cultural disadvantages, alcoholism, and other personal contributing factors.
d. poverty is a complex issue; the poor are a heterogeneous population, and the causes of poverty are multidimensional.
D
You might also like to view...
A decrease in the price level results in a(n) ________ in household consumption spending and a(n) ________ in investment spending
A) increase; increase B) decrease; increase C) increase; decrease D) decrease; decrease
A negative externality is internalized when __________ until the socially optimum level of production is obtained.
A. supply shifts to the left B. supply shifts to the right C. demand shifts to the right D. b and c E. none of the above
Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the producer?
A. $3 B. $2 C. $1 D. unable to determine
Refer to the diagram. Starting at point E, the production of successive units of bread will cost:
A. a constant 8 units of tractors.
B. a constant 6 units of tractors.
C. 1 / 8 , 1 / 6 , 1 / 4 , and 1 / 2 units of tractors.
D. 1 / 2 , 1 / 4 , 1 / 6 , and 1 / 8 units of tractors.