The National Government Uses a Statistic Called the Poverty Threshold

question 51

Multiple Choice

The national government uses a statistic called the poverty threshold to

• A)provide a qualitative explanation of circumstances that warrant provision of various forms of public assistance.
• B)ensure all states provide equal amounts of AFDC to qualified single mothers.
• C)adjust the quantitative definition of poverty in each individual state.
• D)identify the point at which families or individuals qualify for various forms of public assistance.

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Definitions:

Labor-Intensive

Describing a process or industry that requires a large amount of labor to produce goods or services compared to the amount of capital used.

Labor-Abundant

Referring to a country or region that has a large supply of labor relative to capital.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others, leading to more efficient trade possibilities.

Labor-Intensive

Characterized by a high proportion of labor relative to capital in the production process.