The US Government Sets the Poverty Line Equal to Approximately

question 61

Multiple Choice

The US government sets the poverty line equal to approximately

• A)three times the cost of providing subsidized housing.
• B)three times the cost of providing an adequate diet.
• C)the minimum wage for a single person working 40 hours per week and 50 weeks per year.
• D)the cost of providing food, shelter, and health care expenses for a family of four.

Recognize the principles behind the liability of parents for their children's contracts and distinguish between contracts for necessaries and non-necessaries.

Identify when a contract can be ratified and the effects of ratification or disaffirmance on the legality of contracts entered into by minors.

Understand the conditions under which a person may be considered to have legal incapacity to enter into contracts and the consequences thereof.

Grasp the legal distinctions and consequences of entering into contracts that contain illegal subject matter or perform illegal actions.

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Definitions:

Large City

An urban area with a sizable population, usually featuring complex structures for governance, and varied social, cultural, and economic activities.

Suburbanization

The shift of large segments of population away from the urban core and toward the edges of cities.

Urban Core

The central, innermost part of a city, characterized by high population density, significant infrastructure, and the primary business district, often contrasted with suburban or rural areas.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant technological, socioeconomic, and cultural changes worldwide.