The Single Most Influential Factor That May Lead to Poverty

question 23

Multiple Choice

The single most influential factor that may lead to poverty is

• A) race.
• B) age.
• C) family structure.
• D) country of origin.

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Definitions:

Consumption

The use of goods and services by households or individuals, which is a primary component of economic activity.

Income

The financial money received, especially on a regular basis, for work, through investments, or from business activities.

Steak

A high-quality cut of meat taken from the hindquarters of an animal, typically beef, prepared by grilling, frying, or broiling.

Elastic Demand

A situation where the demand for a product changes significantly in response to a change in price.