All of the Following Can Be Described as Benefits of Poverty

question 44

Multiple Choice

All of the following can be described as benefits of poverty to the non-poor except:

• A) a group of low-skill workers is available to perform jobs no one else wants
• B) prices are kept low
• C) jobs are created for those who would regulate or serve the poor
• D) poor persons purchase goods and services the non-poor do not want
• E) all of these are benefits

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Definitions:

Financialization

The increasing influence of financial markets, financial motives, financial institutions, and financial elites on the economy and economic policy.

Political Systems

The framework of formal legal institutions that constitute a government or a state, determining how power is acquired, communicated, and exercised.

Capital Mobility

The ease with which financial assets or capital can move between countries without barriers, affecting investments and economic policies.

Foreign Competition

Refers to the competition that domestic companies face from companies located in other countries.