Poverty

the level of available income, goods, and services in each place is....

• absolute poverty

• relative poverty

• standard of living

• poverty

To measure standard of living, economist look at whether people can afford the basics:

• televisions, cars, boats

• education, health care, car

• clean water, food, shelter, clothing

The cost of living ________ from place to place.

• stays the same

• varies

What is life expectancy?

• the minimum income required to meet basic needs

• number of years that a person in a place can expect to live

• having more people in an area than an area can support

• the number of years to reach the poverty line

Factors that influence a person's life expectancy are...

• access to education

• access to clean water, shelter, food, clothing

• access to health care

• all of the above

People with ______ standards of living generally live longer lives

In 2010, more or less people lived in poverty in the United States than in Taiwan.

What is infrastructure?

• power, roads, bridges, and structures that support modern life

• government constructed projects for public use

• the transfer from governmental to private ownership

• structures put in place to keep a building steady

What happens when a country relies only on one economic sector?

• people get competitive if they all work at the same job

• the entire economy can fail if the industry or crop fails

• tourist won't come to an area that has little variety

Which statement about cost of living is TRUE?

• a low-wage earner in one place might be considered a high-wage earner in another

• cost of living is equal in large cities

• a higher cost of living will eliminate poverty

• people's basic needs differ from country to country