People Who Are Trying to Break the Cycle of Poverty

question 40

Multiple Choice

People who are trying to break the cycle of poverty through entrepreneurship often get thwarted by:

• A) Requirements for extensive training
• B) Limits on the number of jobs in an area
• C) The outlawing of certain jobs
• D) Their lack of bureaucratic sophistication
• E) All of these

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Definitions:

Demand

The desire for a particular product or service combined with the ability and willingness to pay for it.

Complementary Goods

Complementary Goods are products or services that are often used together, where the demand for one increases the demand for the other, like smartphones and data plans.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded at those prices.

Price

The charge established, required, or paid in exchange for an object.