American poverty is more about absolute deprivation, and poverty in the rest of the world is more about relative deprivation.
Answer the following statement true (T) or false (F)
False
Poverty in the rest of the world is much different from poverty in America. American poverty is more about relative deprivation than absolute deprivation. In the rest of the world, poverty is entails absolute deprivation.
You might also like to view...
Which is distributed more equally: income or wealth?
What will be an ideal response?
Suppose a vote was taken among 7 district representatives about how much of the city budget should be spent on tourism advertising. Two prefer it to be 10 percent, two prefer 15 percent, and three prefer 50 percent. According to the median voter theorem, the chosen amount to spend on tourism advertising is ______ of the budget.
A. 10 % B. 15 % C. 50 % D. 30 %
The equity capital of a privately owned firm includes:
a. the owner's own dollars put into the firm. b. the cost of raw materials. c. the cost of labor resource used in production. d. economic rent only. e. the value added at each stage of production.
If Y = $500 billion, autonomous consumption = $300 billion, and the marginal propensity to save = 0.20, then saving will equal
a. –$200 billion b. $200 billion c. –$100 billion d. $100 billion e. $40 billion