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can you please answer each of the following in a short paragraph (a few sentences): 1. Describe one mechanism households can use to smooth income.

can you please answer each of the following in a short paragraph (a few sentences):

1. Describe one mechanism households can use to smooth income. Why can income smoothing be costly to households?

2. What kind of asymmetric information is addressed by joint liability in micro-finance, and how does it work?

3. Describe one of the 12 indicators of empowerment from the Project-level Women's Empowerment in Agriculture Index (Pro-WEAI) and explain how it can measure one dimension of empowerment.

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