Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 20, Problem 7IAPA
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Question 15 Which of the below statements is INCORRECT with regard to poverty in the U.S.?   The poverty threshold was created my Mollie Orshansky of the Social Security Administration, in the 1960s.   The "poverty threshold," "poverty guidelines" and "poverty line" are identical numbers and are all used for exactly the same purpose.   For the year 2021, a single individual making less than $12,880 in any of the 48 contiguous states, falls below the poverty line.   For the year 2021, a four person family making less that $29,200 a year in any of the 48 contiguous states, falls below the poverty line.
Most people in the United States living below the poverty line are _____________. Group of answer choices American Indian African Americans Hispanics whites
Explain the role of government in reducing poverty. Use the example of how social security and welfare used by the U. S. government to combat poverty.
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