What Was the Reasoning Behind the 1834 Passage of a New

question 29

Multiple Choice

What was the reasoning behind the 1834 passage of a new poor law in Great Britain, dubbed by its critics the "Starvation Act"?

• A) That providing food subsidies to married women would reduce illegitimacy
• B) That denying workhouse access to women under thirty years of age would force their families to care for them
• C) That reducing the amount of food offered to urban workhouse residents would compel them to leave and return to the countryside
• D) That the distress caused by the separation of family members from one another in workhouses would encourage the poor to move to areas of higher employment

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Definitions:

Positive Basis

In futures trading, a situation where the spot or cash price of a commodity is lower than the future price, indicating expectations of higher future prices.

Borrowing Cost

The cost incurred by an entity when it raises funds through debt financing, which may include interest payments and other fees.

Convertible Arbitrage

A trading strategy that involves taking a long position in convertible securities and a short position in the stock of the issuing company to exploit pricing inefficiencies.

Interest-Sensitive Securities

Financial instruments whose value and yield are heavily influenced by fluctuations in interest rates.