The World Bank defines extreme poverty as income of less than $1.90 per day per person.
Answer the following statement true (T) or false (F)
True
By global standards, the United States is unquestionably a very rich nation. U.S. GDP per capita is five times larger than the world average. By American standards, virtually all the people in the poorest nations with average income under $4,000 would be poor. By their standards, few Americans would be poor. Extreme poverty refers to income of less than $1.90 per day.
You might also like to view...
The ________ analysis considers the ability of domestic and foreign prices to adjust to devaluation in the short run
A) pass-through B) absorption C) adjustment mechanism D) currency contract period
What is the function of the World Bank?
What will be an ideal response?
The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts. Point Y is ________, and point V is ________.
A. efficient; efficient B. efficient; inefficient C. inefficient; inefficient D. inefficient; efficient
A firm's average costs will be falling whenever its:
a. marginal costs are positive. b. marginal costs are negative. c. marginal costs are less than average costs. d. marginal costs are less than fixed costs.