What Is the Culture-Of-Poverty Thesis

question 25

Multiple Choice

What is the culture-of-poverty thesis?

• A)the belief that those who succeed in society are those who work the hardest and have the best abilities
• B)the idea that the process of expanding economic markets is the only way to sustain the growth of capitalism
• C)the belief that true poverty does not exist in the United States
• D)the belief that poor people develop a unique value structure and set of orientations to deal with the likelihood that they will never achieve conventional success

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Definitions:

Taxing

Is the act of imposing charges on individuals or corporations by government entities to raise revenue for public expenditures.

Spending

The act of using money to purchase goods or services, a fundamental economic activity influencing economic growth and inflation.

Private Property Rights

An owner’s right to use, rent, or sell resources or property.

Natural Monopolies

Industries where a single firm can provide a good or service at a lower cost than any potential competitor, often due to high infrastructure or barrier to entry costs.