Poverty trap Study guides, Class notes & Summaries

GVPT 282 Midterm Latest 2023 Asian Infrastructure Investment Bank (AIIB) The AIIB is a financial institution focused on multilateral development in the Asia-Pacific region. This bank, with its 17-founding member and other joiners, competes with the IFIs established under the Bretton Woods System, mainly the World Bank and IMF. As a result, it threatens U.S.'s power to advance its foreign policy through conditionality for loans. Instead, IFIs may not compete, and this competition allows developin...

1. Which of the following is a key assumption of the supply and demand model? A) that the price and quantity sold are determined in a single market B) that the prices and quantities sold are simultaneously determined in all markets C) the way the whole economy achieves equilibrium D) that international markets affect domestic markets, which in turn affect local markets 2. A key assumption of the supply and demand model is that: A) each firm's good is unique and cannot be duplica...

Sociology Definitions and Readings Name Institutional Affiliation DEFINITIONS AND READINGS 2 Sociology Definitions and Readings Define A) Disenchantment This term refers to a concept made popul ar by Karl Marx. It refers to the state of the world following the permeation of both science and enlightenment into society's various facets. These facets are stipulated to be under the influence of superstition and religion. Thus, the term can be described as the replacement and erosion of the latter f...

SUS1501 Assignment 8 Semester 1 2023 Answers, guidelines, workings and references... ............................................... Portfolio Assignment SUS1501 – Sustainability and Greed Student Number: Date: Teaching Assistant Name: Declaration: By submitting this portfolio, I implicitly declare that this is my own work except for the “Introduction” which was kindly written for me by my lecturer. I am aware that if ANY unacknowledged copying is detected in ANY answer, I w...

Question 1 Correct 3.00 points out of 3.00 Flag question Question text Which of the following best describes mycorrhizae? a. Pathogenic soil bacteria and fungi that destroy plant roots b. Important soil millipedes that increase aeration of top soil c. Symbiotic fungi that increase soil nutrient uptake in plant roots d. Common in soils that lack a functional humus Feedback Your answer is correct. The correct answer is: Symbiotic fungi that increase soil nutrient uptake in plant r...

Econ Chapter 14 CORRECT ANSWERS 100% When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government...

gains from trade - Each country can concentrate its efforts on what it does best (specialize) and trade some of those goods for goods that other countries produce most efficiently Protectionism - Government policy of restricting imports to "protect" domestic industries from foreign competition race to the bottom - a dynamic in which states compete to attract business by lowering taxes and regulations, often to workers' detriment S-shaped curve - shows income in the future as opposed to ...

Econ Chapter 14 CORRECT ANSWERS 100% When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government...

Econ Chapter 14 CORRECT ANSWERS 100% When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government...

Microeconomics OCR A Level Test Questions With All Correct Answers Economic goods - ANSWER Goods which benefit society, have the problem of scarcity and have an opportunity cost. Since economic goods are scarce, they have some value, so consumers will pay for them, and they can be traded. Factors which may enable/make easier collusion/cartels - ANSWER There are only a small number of firms in the industry and there are significant barriers to prevent new firms enterin...