MACROECONOMICS FOR TODAY
MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Chapter 20, Problem 4SQ
To determine

The vicious circle of poverty.

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A study on the perception of the urban poor on the housing program of the government. What is the value of the research? Explain. Who are the beneficiaries? Why do you think so? A survey on the presidential preference of the basic sectors (farmers, fisher folks, indigenous people, laborer, and urban poor) in the 2016 election. What is the value of the research? Explain. Who are the beneficiaries? Why do you think so?
Discuss each of the following statements from the standpoints of equality and efficiency. a. “Everyone in society should be guaranteed the best healthcare possible.” b. “When workers are laid off, they should be able to collect unemployment benefits until they find a new job.” 11. In what ways is your standard of living differ￾ent from that of your parents or grandparents when they were your age? Why have these changes occurred?
Which of the following statements is not correct? Select one: a. The economic life cycle theory explains why gifts of goods and services reduce poverty for the very young and the very old. b. Because people can borrow and save to smooth out changes in income, their standard of living in any one year depends more on lifetime income than on a particular year's income. c. The percentage of the population that suffers from long-term poverty is far smaller than the percentage of the population that suffers from short-term poverty because there is a high level of economic mobility in the United States. d. Permanent income is a better measure of a family's ability to buy the necessities of life than is transitory income.
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