Between 1970 and 2010, the poverty rate in East Asia declined dramatically from about 60 percent to less than 1 percent, while the poverty rate in Sub-Saharan Africa decreased from 40 percent to only 24 percent. The main reason for this is that
A) The countries of East Asia have progressive income tax systems. The countries of Sub-Saharan Africa all have regressive income tax systems.
B) Governments in East Asia increased transfer payments to poor families over this period of time. The governments of Sub-Saharan Africa had practically no transfer payment programs from 1970 to 2010.
C) the population growth rate decreased in East Asia and increased in Sub-Saharan Africa.
D) East Asia experienced higher economic growth than Sub-Saharan Africa.
D
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The opportunity cost of an action is:
A. the monetary payment the action required. B. the total time spent by all parties in carrying out the action. C. the value of the best opportunity that must be sacrificed in order to take the action. D. the cost of all alternative actions that could have been taken, added together.
Direct marketing is
A) advertising that permits a consumer to follow up directly by searching for more information and placing direct product orders. B) advertising that targets a specific audience and allows the consumer to follow up directly by placing direct product orders usually through television or radio. C) advertising targeted at specific consumers. D) advertising intended to reach as many consumers as possible.
The United States' current account deficit reached a new high in:
A. 2006. B. 2007. C. 2008. D. 2009.
For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to total demand in the market.
A. granted patents B. profitable C. a natural monopoly D. unregulated