The Poorest 20 Percent of the World's Population Receive What

question 12

Multiple Choice

The poorest 20 percent of the world's population receive what percentage of world income?

• A) less than 2 percent
• B) about 4 percent
• C) around 8 percent
• D) close to 10 percent

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Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, measuring the benefit consumers receive from a transaction.

Free Trade

The absence of tariffs, duties, or trade barriers that allows for the unrestricted import and export of goods between countries.

Domestic

Pertaining to or produced within a country's borders, often in contrast to foreign or international.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country.