3
4 points
Malia and Asi have a household income that is insufficient to pay for both food and shelter, with no funds available for other types of expenses. However, their household
income is higher than 75% of the households in their developing nation. Malia feels that they are poor, and Asi feels that they are prosperous. Their feelings are consistent
with which views of poverty?
Malia focuses on relative poverty, and Asi focuses on absolute poverty.
Malia focuses on extreme poverty, and Asi focuses on absolute poverty.
Malia focuses on relative poverty, and Asi focuses on extreme poverty.
Malia focuses on absolute poverty, and Asi focuses on relative poverty.
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4
4 points
To promote class unity and cooperation, your professor's policy is to add everyone's points in the class together, divide by the number of students, and assign everyone the
same grade based on the result. Your response to this grading system is that you put much less effort into this class than your other classes, which illustrates the tradeoff
between:
wealth and a stock of assets.
efficiency and equality.
permanent income and average lifetime income.
absolute poverty and relative poverty.
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