What Is Poverty Based on Wages Alone

question 22

Multiple Choice

What is poverty based on wages alone?

• A) minimum pay
• B) working poverty
• C) wage insecurity
• D) market poverty

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Definitions:

Normal Good

A type of good for which demand increases as the income of the consumer increases.

Normal Good

A good whose demand increases as consumers' income rises, holding all other factors constant.

Students' Incomes

The earnings received by students from part-time jobs, stipends, or scholarships, contributing to their financial support.

Demand

The amount of a product or service that buyers are ready and can afford to buy at different price points within a specified time frame.