This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
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You're on a roll — Here are the answers to your questions: 2. Fill in the blanks with the most appropriate word. Poverty is one of the greatest (1) challenges facing many developing countries today. It affects access to (2) basic needs such as food, shelter, education and health care. Governments and non-governmental organizations have introduced various strategies to help in poverty (3) eradication. One of the most effective ways of reducing poverty is through (4) education. When people are educated, they gain knowledge and skills that enable (5) them to secure better employment opportunities (6) or to start businesses. In addition, access to affordable loans allows small-scale traders to start or expand their (7) businesses. The government has also introduced social protection programmes to support vulnerable groups such as the elderly, orphans and persons with (8) disabilities. These programmes provide cash transfers and other forms of assistance to improve their (9) standards of living. However, poverty alleviation requires (10) concerted efforts from both the government and the public. What's next?