In Order to Eliminate Poverty, Some Assumptions Have to Change

question 34

Multiple Choice

In order to eliminate poverty, some assumptions have to change, including assuming that __________.

• A) poverty is a structural issue that cannot be fixed with a better economy or more personal responsibility
• B) poverty is an isolated problem
• C) poverty can be fixed with a concentrated charity effort
• D) the government can do very little to alleviate poverty

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Definitions:

Surplus

An excess of a product or resource that occurs when supply exceeds demand, often leading to lower prices.

Competition

The effort and striving between two or more independent rivals to secure the business of one or more third parties by offering the best possible terms.

Quantity Traded

This refers to the total amount of a certain commodity, security, or currency that is transferred over a given period.

Gold

A precious metal used historically as a store of value, for investment, and in various industrial and technological applications.