Policies Promoting Asset Creation and Growth May Improve Well-Being of the Poor

question 8

Multiple Choice

Policies promoting asset creation and growth may improve well-being of the poor through

• A) the policies give the poor new assets directly or they encourage the poor to undertake their own investments.
• B) the policies drive up wages for low-skill workers or drive down the prices of goods consumed by the poor.
• C) the policies can generate more assets for non-poor and their assets can be transferred to the poor through public or private safety nets.
• D) All of the above.

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Definitions:

Classical Economic

A school of thought in economics that emphasizes the role of free markets, limited government intervention, and the importance of economic decisions based on rational self-interest.

Morally Required

Actions or behaviors that are considered necessary according to ethical principles or moral obligations.

Social Responsibility Strategy

A business approach that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethically-oriented practices.

Organically Grown Cotton

Cotton cultivated without the use of synthetic pesticides, fertilizers, or genetically modified organisms, focusing on sustainability and environmental wellbeing.