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Should Happiness be used as a measure of poverty also.Why or why not?
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- Poverty is measured by the number of people who fall below a certain level of income—called the poverty line—that defines the income one needs for a basic standard of living. The official definition of the poverty line traces back to Group of answer choices A)The Great Depression B)Mollie Orshansky, whose idea was to define a poverty line based on the cost of a healthy diet. C)1953 and the ability to pay for housing and food. D)The 1965 cost of providing food, housing, and transportation.What is meant by relative deprivation theory?What is the relationship between poverty, inequality and social welfare?
- What is the solution to the income disparity between affluent and poor?Which of the following are true regarding the measurement of poverty? The poverty rate is the percentage of households whose earnings fall below the poverty line. The measurement of the poverty rate takes into account the effect of in-kind transfers. The measurement of the poverty rate does not take into account whether a households loss of income is transitory or permanent. The poverty line is an income amount below which a family is deemed to be poor.Is poverty an unfortunate circumstance or a character defect?
- Income inequality is necessary for Pareto optimality so that people will work as hard as they can.” “If income is distributed equally, then there must be Pareto optimality because you can’t make one person better off without making someone else worse off.” Are these statements true or false? Why or why not?Although it is hard to separate the causes of poverty from the effects, there is no doubt that poverty is associated with various economic and social ills. Suppose that you were a policymaker in the government and your goal was to reduce the number of people living in poverty. How would you achieve this goal?Suppose a government program guarantees $ 2,000 a month in income, even for those who do not work at all. However, if the recipient earns income by working, the benefit is reduced by 50 cents for each $1 earned. Which of the following statements is true? This program will redefine the proverty line. While the goal may be to reduce poverty, people rarely respond to incentives. This program will reduce the incentive to work significantly. The goal of this program is to increase the incentive to work, reducing the poverty trap.
