55._________ exists when people may be able to afford basic necessities but are still unableto maintain an average standard of living.a.Relative povertyb.Absolute povertyc.Subjective povertyd.Standard povertyAnswer:aPage:263LO:6283 Show
We have textbook solutions for you! The document you are viewing contains questions related to this textbook. Finite Mathematics for the Managerial, Life, and Social Sciences: An Applied Approach Tan Expert Verified Chapter 156.__________ poverty is measured by comparing one person’s income with the incomesof others.a.Absoluteb.Subjectivec.Relatived.StandardAnswer:cPage:263LO:657._________ poverty would be measured by comparing the actual income against theincome earner's expectations and perceptions.a.Absoluteb.Relativec.Standardd.SubjectiveAnswer:dPage:263LO:658.For low-income nations in a state of economic transition, data on income and levels ofconsumption are typically difficult to obtain and are often ambiguous when they areavailable. Defining levels of poverty involves several dimensions. Which of the followingwas nota dimension cited?a.how many people are poorb.how far above the poverty line people’s incomes fallc.how long they have been poord.how far below the poverty line people’s incomes fallAnswer:bPage:263LO:659.The World Bank uses as its measure of income inequality what is known as the__________, which ranges from zero (meaning that everyone has the same income) to100 (meaning that one person receives all the income).a.Helmicki coefficientb.Georgia equationc.Gyro formulad.Gini coefficientAnswer:dPage:263LO:660.It is estimated that 652 million of Asia’s people are poor and that 448 million of them live in__________.a.Indiab.Chinac.the Philippinesd.North KoreaAnswer:aPage:264LO:6284 Chapter 161.In 1990, the United Nations introduced the __________, establishing three new criteria, inaddition to the gross domestic product, for measuring the level of advancement in acountry: life expectancy, education, and living standards.a.national resource product (NRP)b.personal socialization index (PSI)c.Gini coefficientd.human development index (HDI)Answer:dPage:264LO:762.According to the __________, human development is the process of“expanding choicesthat people have in life, to lead a life to its full potential and indignity, through expandingcapabilities and through people taking action themselves to improve their lives.”a.Peace Corpsb.American Red Crossc.United Nationsd.North American Trade OrganizationAnswer:cPage:264LO:763.According to the United Nations, __________ is the process of “expanding choices thatpeople have in life, to lead a life to its full potential and in dignity, through expandingcapabilities and through people taking action themselves to improve their lives.”a.life expectancyb.life spanc.human developmentd.global developmentAnswer:cPage:264LO:7 Which of the following exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living?They distinguish between absolute poverty and relative poverty. Absolute poverty exists when people do not have the means to secure th basic necessities of life. realative poverty exists when people may be able to afford basic necessities but still are unable to maintain an average standard of living.
What term best describes individuals that may be able to afford basic necessities but Cannot maintain a standard of living comparable to that of other members of society?Relative poverty is a state of living where people can afford necessities but are unable to meet their society's average standard of living.
What is the term for not having enough money to maintain a standard of living that includes the basic necessities of life?Poverty. Prefers to a condition in which people do not have enough money to maintain a standard of living that includes the basic necessities of life.
Is the state where one is barely able or unable to afford basic necessities?absolute poverty: The state where one is barely able, or unable, to afford basic necessities.
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What exists when people may be able to afford basic necessities but are still unable to maintain an average standard of living?
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