Policy Approaches to Alleviate Poverty in an Economic System
Interactive Video
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Quizizz Content
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Business, Social Studies
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11th Grade - University
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Hard
10:32
10 questions
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1.
Multiple Choice
What is one of the main influences on income and wealth inequality within an economic system?
The rate of technological advancement
The availability of natural resources
The structure of tax and benefit systems
The level of education
2.
Multiple Choice
What is fiscal drag?
A decrease in government spending
An increase in inflation rates
The failure to adjust tax thresholds for inflation
A reduction in tax rates
3.
Multiple Choice
In the UK tax system, what is the basic rate of income tax applied to?
Income below £11,850
Income between £11,851 and £46,350
Income over £150,000
Income between £46,351 and £150,000
4.
Multiple Choice
What is the poverty trap?
A situation where inflation rates decrease
A scenario where unemployment rates rise
A condition where low-wage earners remain in poverty due to overlapping tax and benefit thresholds
A situation where high earners pay more tax
5.
Multiple Choice
Which of the following is a potential remedy for the poverty trap?
Increasing the tax rate
Reducing government benefits
Raising the tax threshold
Decreasing the minimum wage
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