In Pakistan the term the poverty trap is used to describe the fact that ?

Related Mcqs:

Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?

A. redistributing income from rich to poor because this is what the members of society would choose to do if they were behind a veil of ignorance B. redistributing income from rich to poor because due to the diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than … Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?Read More...

An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?

A. the Rs500 weekly salary that he has forgone to search for another job B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone D. Rs0, since he … An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job...

Housing Benefit is a good example of ?

A. a means tested cash benefit B. a universal (social insurance based) benefit C. a benefit in kind D. none of the above...

As the wage rate per hour increases, the opportunity cost of leisure ?

A. remains constant B. increases since the cost of forgoing one hour of work increases C. decreases since the customer now has more income to spend D. may increase of decrease depending on the individual’s preferences....

A progressive income tax means that those with a higher income pay ?

A. a higher percentage of their income in taxes then low income people B. a lower percentage of their income in taxes than low income people C. the same percentage of their income in taxes as low income people all the taxes in the economy. D. all the taxes in the economy...