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Macroeconomics Poverty Flashcard

Macroeconomics Poverty Flashcard

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What are some of the causes of poverty?

Back

Lack of education, unemployment, low wages, discrimination, and economic inequality

2.

FLASHCARD QUESTION

Front

How does poverty affect the economy?

Back

It reduces consumer spending, limits economic growth, and increases social costs.

3.

FLASHCARD QUESTION

Front

What are some government policies aimed at reducing poverty? Options: Cutting funding for education, Tax cuts for the wealthy, Reducing minimum wage

Back

Social welfare programs

4.

FLASHCARD QUESTION

Front

How is poverty measured in a country?

Back

Using indicators such as income level, access to basic necessities, and living standards.

5.

FLASHCARD QUESTION

Front

What are some strategies for alleviating poverty?

Back

Implementing fair labor laws, promoting economic development, and ensuring access to basic needs

6.

FLASHCARD QUESTION

Front

What are the social causes of poverty?

Back

Lack of access to education, discrimination, and limited job opportunities

7.

FLASHCARD QUESTION

Front

What are the economic effects of poverty on individuals and society?

Back

Poverty can lead to lower productivity, increased healthcare costs, and higher crime rates, which can all have negative economic effects on individuals and society.

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