Ceteris paribus, if the cost of feeding and housing a family were to increase, it would increase a family's level of ____ poverty.

Question

Quizplus · Accepted Answer

Relative poverty refers to a family's income in relation to the overall income distribution in their society, while absolute poverty refers to a family's inability to attain basic necessities such as food, shelter, and clothing regardless of their income distribution. If the cost of feeding and housing a family were to increase, it would impact their ability to attain these basic necessities, which would increase the family's absolute poverty level. Therefore, the correct answer is C) absolute.

Ceteris Paribus, If the Cost of Feeding and Housing a Family