The __________ Refers to the Amount of Income Below Which

question 22

Short Answer

The __________ refers to the amount of income below which people are considered poor.

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Definitions:

Clothing

Items worn on the body, typically made from fabrics or textiles, for practicality or fashion.

Economic Model

A simplified representation of economic processes used to predict economic behaviors.

Productive

Being productive pertains to the capacity or efficiency of producing a considerable amount or result, typically in the context of economic goods and services.

Benefit From Trade

The advantage gained by countries, firms, or individuals from engaging in exchange, usually resulting in access to a wider variety of goods or services at lower costs.