The concept of inequality is different from that of poverty in that inequality
a. is measured by making comparisons.
b. is limited to basic human needs.
c. is much easier to identify and track.
d. is viewed in absolute terms.
a. is measured by making comparisons.
You might also like to view...
Which of the following explains the vicious circle of poverty?
a. By investing in education and infrastructure at the same time, the country can overcome the problems of poverty. b. Poverty arises out of the lack of investment, but they cannot invest because they are poor. c. A nation can shift its production possibilities curve inward by shifting more resources into the production of capital goods. d. A nation can shift its production possibilities curve outward by shifting more resources into the production of consumer goods.
Two major virtues of the market system are that it:
A. allocates resources efficiently and allows economic freedom. B. results in an equitable personal distribution of income and always maintains full employment. C. results in price level stability and a fair personal distribution of income. D. eliminates discrimination and minimizes environmental pollution.