Which statements are TRUE? 1. Factor substitution measures the degree of substitutability between factors of production in any given production. 2. The educational achievement of workers can bring about income equality but also income inequality. 3. The middle income trap is a measure of poverty that considers the deprivation of people in terms of health, education and standard of living of people.
Which statements are TRUE?
1. Factor substitution measures the degree of substitutability between factors of production in any given production.
2. The educational achievement of workers can bring about income equality but also income inequality.
3. The middle income trap is a measure of poverty that considers the deprivation of people in terms of health, education and standard of living of people.
4. The tax levied on goods and services which is finally borne by the end-consumer is known as indirect tax.
5. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of population.
6. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics.
7. Up to this time, poverty is experienced more by women rather than men at the national and international level.
8. Free education is a means of reducing poverty among ethnic communities.
9. Terrorism, regardless of its place of occurrence, exacerbates poverty.
10. Public policy is essential in solving poverty at the local and national level.
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