When Compared to the Average Household in Most Low-Income Countries

question 70

Multiple Choice

When compared to the average household in most low-income countries, poor people in the United States receive

• A) About the same amount of goods and services.
• B) Somewhat fewer goods and services.
• C) Far fewer goods and services.
• D) Far more goods and services.

---

Definitions:

Behavioral Economics

studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Myopia

A common vision condition where close objects appear clearly, but distant objects are blurry, often referred to as nearsightedness.

Behavioral Economists

Scholars and professionals dedicated to analyzing how psychological, cognitive, emotional, cultural, and social influences affect the economic choices made by individuals and organizations.

Time Inconsistency

Describes a situation where a person's preferences change over time in such a way that what they prefer at one point in time is inconsistent with what they will prefer at another time.