Why do poverty traps exist at the country and household levels? How are the two different levels of poverty traps related? What policy (or policies) would you suggest to tackle the coexistence of country-level and household-level poverty traps? Word limit: 2200

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter33: Income, Income Distribution, And Poverty
Section: Chapter Questions
Problem 3E
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Why do poverty traps exist at the country and household levels? How are the two different levels of poverty traps related? What policy (or policies) would you suggest to tackle the coexistence of country-level and household-level poverty traps?

Word limit: 2200

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