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Poverty

By Mumba / November 20, 2023

Economics QUIZZES economic development Poverty

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Question 1 of 10

1. Question
In countries with absolute poverty, low incomes can start a process that keeps incomes low.
What are the stages of this process?
- A.low incomes → low consumption → low prices → low output → low incomes
- B.low incomes → low government spending →high taxation →low employment →low incomes
- C.low incomes → low investment → high profits →low dividends →low incomes
- D.low incomes → low saving → low investment →low productivity →low incomes
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Question 2 of 10

2. Question
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Question 3 of 10

3. Question
Which characteristic will show that a country has significant absolute poverty?
- A.A majority of the population will have less than average income.
- B.Basic living needs are not being met.
- C. Most people do not have mobile phones.
- D. There is a high number of people living in rural areas
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Question 4 of 10

4. Question
What role does limited access to education play in the poverty cycle?
- A. Limited access to education is not a factor in the poverty cycle
- B. Limited access to education can help break the poverty cycle
- C. Limited access to education has no impact on the poverty cycle
- D. Limited access to education contributes to the poverty cycle
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Question 5 of 10

5. Question
What is the purpose of progressive taxation?
- A.An incentive for higher income individuals to work more and earn more income
- B. To generate tax revenue for the government from all income levels equally
- C. To redistribute wealth and reduce income inequality
- D. To encourage investment and savings among lower income individuals
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Question 6 of 10

6. Question
Which policy is most likely to reduce relative poverty?
- A.make income tax rates less progressive
- B.reduce benefit payments
- C.reduce the minimum wage
- D.reduce the rate of sales tax
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Question 7 of 10

7. Question
Economic growth , shown by an outward shift on the production possibility frontier(PPF) diagram helps to alleviate poverty.
Which factor below leads to an outward shift in the PPF?
- A.Reduction in capital investments
- B.Increase in trade barriers
- C.Improving education and training
- D.Decrease in labour force participation
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Question 8 of 10

8. Question
Which statement about the relationship between the national minimum wage and poverty is accurate?
- A.Increasing the national minimum wage always leads to higher poverty rates
- B.Decreasing the national minimum wage consistently reduces poverty rates
- C. The impact of the national minimum wage on poverty depends on other economic factors
- D.Poverty rates remain unaffected regardless of changes in the national minimum wage
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Question 9 of 10

9. Question
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Question 10 of 10

10. Question
Which factor below can contribute to poverty in developing countries?
- A.High levels of foreign direct investment
- B.Rapid population growth
- C.Access to advanced technology
- D.Stable political institutions
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