Meyer: Living on One Dollar: Understanding Global Poverty

What was the main goal of Chris and Zach's experiment in Guatemala?

• To become fluent in Spanish
• To start a successful radish farm
• To experience and understand extreme poverty firsthand
• To film a documentary about Mayan culture

How much money did Chris and Zach aim to live on per day during their experiment?

• $5
• $2
• $1
• $0.50

What innovative financial practice did the filmmakers discover being used in the village?

• Online banking
• Cryptocurrency trading
• Savings clubs
• Stock market investments

What health issue did Chris face during the experiment?

• Broken arm
• Giardia parasite
• Malaria
• Sunburn

How did the filmmakers simulate unpredictable income?

• By asking for random donations
• By picking numbers from a hat each day
• By gambling their money
• By working different jobs each week

What crop did the filmmakers attempt to grow as a source of income?

• Corn
• Bananas
• Radishes
• Coffee

What was one major challenge the filmmakers faced in getting a traditional bank loan?

• High interest rates
• Language barrier
• Lack of required documentation
• Bank was too far away

How did microfinance institutions like Grameen differ from traditional banks in the video?

• They only lent to rich people
• They provided loans without extensive documentation
• They charged higher interest rates
• They only gave loans in US dollars

What unexpected benefit of microfinance did the filmmakers observe?

• It made people instantly rich
• It helped empower women
• It eliminated all poverty
• It provided free education

What natural disaster had recently affected the area before the filmmakers arrived?

• Earthquake
• Tsunami
• Volcano eruption
• Hurricane