How Many People Still Live on Less Than the Equivalent

question 17

Multiple Choice

How many people still live on less than the equivalent of $1 per day?

• A)100 million.
• B)500 million.
• C)one billion.
• D) two billion.

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Definitions:

Alternative Production Techniques

Different methods or processes used in the production of goods and services, often evaluated for their efficiency, cost-effectiveness, or environmental impact.

Economic Loss

Refers to the reduction in total revenue that is greater than the total cost of a business, leading to a negative profit scenario.

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services while minimizing waste and inefficiencies.