Economics_Poverty

Which is the least likely to be an indicator of poverty in an economy?

• inadequate income

• unemployment

• hunger and malnutrition

• homelessness and inadequate housing

What exists when there is an average income that equals to or less than $1.25 per day?

• poverty line

• relative poverty

• absolute poverty

• poverty trap

Which is not a UN Sustainable Develoopment Goals (SDG)?

• reduced inequalities

• zero hunger

• clean water and sanitation

• reduce, reuse, recycle

Which is least likely to be a cause of poverty?

• low literacy rates

• low GDP per capita

• high rates of tax

• high public debt

What is experienced by those who have a lower standard of living in comparison to the average member of society?

• absolute poverty

• relative poverty

• poverty line

• poverty trap

When a group of poor people rely much on the benefits given by government and they would not want to seek for jobs, this is known as ....

• market failure

• subsidies failure

• poverty trap

• regressive benefits

A tax that is charged the same irrespective of the people's income, is known as ....

• indirect tax

• regressive tax

• progressive tax

• proportional tax

Which of the following country has experienced a hyper-inflation?

• Venezuela

• Mexico

• Canada

• Brazil

The following policies are able to alleviate poverty in a country, except ....

• state benefits

• progressive tax

• increase in income tax

• increase in NMW

In order to alleviate poverty, a country needs to prioritize its output on .....

• quarternary sector

• tertiary sector

• secondary sector

• primary sector