According to the Multidimensional Poverty Index, What Percentage of the Combined

question 64

Multiple Choice

According to the Multidimensional Poverty Index, what percentage of the combined population in the 105 countries covered lived in poverty in 2018?

• A) 10 per cent
• B) 45 per cent
• C) 23 per cent
• D) 50 per cent
• E) 66 per cent

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Definitions:

Goods and Services

The products (goods) and activities (services) that are produced and sold to satisfy human wants and needs.

Law of Comparative Advantage

A principle that states that countries or individuals gain by producing goods for which they have a lower opportunity cost relative to other producers, leading to more efficient global resource allocation.

Economic Goods

Products or services that have a price and are consumed by individuals or groups to satisfy needs or wants.

Opportunity Cost Producer

The cost incurred by a producer when choosing one production opportunity over another, measured in terms of the benefit forgone from the alternative not chosen.