What is the official definition of the poverty line? What are some causes of poverty?
What will be an ideal response?
The official definition of the poverty line is three times an economy food budget. One of the major causes of poverty includes a lack of education or skills necessary to be productive and in demand. Other factors include discrimination and bad luck.
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What is the effect on society of a falling growth rate in productivity?
A. Resources are used more efficiently. B. The standard of living drops. C. Inflation is prevented. D. Increased labor disputes may occur.
If a nation lacks abundant natural resources, it ______.
a. still faces the same challenges as a nation with abundant natural resources b. cannot achieve sustained economic growth c. will likely have a difficult time during its initial development d. must increase the size of its population to achieve economic growth
Who said this: "The most hated sort, with the greatest reason, is usury, which makes a gain out of money itself, and not from the natural objects of it. For money was intended to be used in exchange, but not to increase at interest…of all modes of getting wealth this is the most unnatural."
A. Aristotle B. Moses C. Benjamin Franklin D. Frank Knight
Limited capital account convertibility provides:
A. a lower level of convertibility than convertibility on the current account. B. a greater level of convertibility than convertibility on the current account. C. a greater level of convertibility than full convertibility. D. the lowest possible level of convertibility.