Exam 37: Global Poverty Glossary Index Reference Tables

A limit on the quantity of a good that may be imported in a given time period is

An inequality trap has a negative impact on human capital development.

The U.S.government counts both cash income and in-kind transfers when determining the poverty rate.

In order to increase productivity and economic growth,poor nations need

Since 1990,the highest economic growth rates in the world have occurred in

A World View article,"Glaring Inequalities," says that income inequality tends to diminish as a nation develops.The distribution of income answers the ________ question.

The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

Because poverty is so pervasive,poor countries are not able to experience economic growth.

Poor nations typically have a competitive advantage in agricultural goods because of

The direct transfer of goods and services rather than cash is known as

In-kind transfers include housing subsidies and food stamps.

Free trade with other countries allows poor nations the opportunity to exploit their comparative advantage in agricultural goods.

Institutional barriers that impede human and physical capital investment are known as

The U.N.'s Millennium Poverty Goal is to

The World Bank defines _______ poverty as an income of less than $1.25 per day per person.

Which of the following is not associated with global poverty?

The World Bank defines extreme poverty as income of less than $1.25 per day per person.

In 1963 it was determined that $1,000 per year was needed to purchase a "minimally adequate" diet for a family of four.It was estimated that other basic necessities like housing,clothes,transportation,and so forth would cost twice as much as the food staples.So the government concluded that a budget of $3,000 per year would fund a "minimally adequate" living standard for a U.S.family of four.That standard became the official U.S.poverty threshold in 1963. -In 2009 the U.S.poverty threshold was

Even those families who remain "poor" after counting in-kind transfers aren't necessarily destitute.Over 40 percent of America's "poor" families own their homes,70 percent own a car or truck,and 30 percent own at least two vehicles.Telephones,color TVs,dishwashers,clothes dryers,air conditioners,and microwave ovens are commonplace in America's poor households. -U.S.poverty is more about _______ deprivation than _______ deprivation.

According to the World View titled "Jeffrey Sachs: Big Money,Big Plans," how does Columbia University economics professor Jeffrey Sachs expect global poverty rates to be reduced by half by 2015?