Guy Always Struggled with School and Eventually He Decided It

question 24

Multiple Choice

Guy always struggled with school and eventually he decided it would be better to drop out and work.Unfortunately, finding a job that paid well proved difficult.Guy often finds himself moving from one low-paying job to another.His apartment building is rundown but he can't afford to move into a better building or neighbourhood.Which type of poverty is this an example of?

• A)absolute
• B)relative
• C)marginal
• D)chronic

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Definitions:

Retaliatory Tariffs

Taxes on imported goods that are imposed in response to similar taxes levied by another country.

U.S. Tariffs

Taxes or duties levied by the United States government on imported goods to protect domestic industries or to generate revenue.

Steel

A hard, strong alloy of iron with carbon and often other elements, used widely as a structural and fabricating material.

Dumping

The practice of selling a product in a foreign market at a price lower than the production cost or domestic market price, often to gain market share or dispose of surplus.