Social Inequality and Poverty Have Both Economic and Structural Sources

question 68

Multiple Choice

Social inequality and poverty have both economic and structural sources.According to the text,a major source of poverty is:

• A)people's unwillingness to work.
• B)governmental programs,such as welfare,that have kept families impoverished for generations.
• C)the low wages paid for many jobs.
• D)people's desire for immediate gratification and overuse of credit cards.

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Definitions:

Technological Change

Refers to the process of innovation and improvement in technology which leads to new products, services, or more efficient ways of doing things.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at that price.

Productivity

The efficiency with which input resources are converted into outputs, often measured as the amount of goods or services produced per unit of input.

Wages

The monetary compensation paid by an employer to an employee in exchange for work performed, often specified in terms of hours, weeks, or tasks completed.