Chapter 10

Question 1

Poverty

Answer 1

condition of deprivation due to economic circumstances

Question 2

Lyndon Johnson 1960’s

WAR ON POVERTY

Answer 2

ANTIPOVERTY PROGRAMS: programs for education, job training & placement, housing

Question 3

Perverse Incentives

Answer 3

rewards structures that lead to suboptimal outcomes by stimulating counterproductive behavior

Question 4

Unintended Consequences

Answer 4

results of a policy that were not fully anticipated at the time the policy was implemented

Question 5

Culture of Poverty Theory

Answer 5

poor people adopt certain practices in order to adapt and survive in difficult economic situations

Question 6

Underclass

Answer 6

negative view of poor people

Question 7

Absolute Poverty

Answer 7

point in which a households income falls below the necessary level to purchase food to physically sustain members

Question 8

Relative Poverty

Answer 8

measurement of poverty based on a percentage of the median income in a given location