Open the link to the United Nations and review its work on poverty below: https://www.un.org/en/global-issues/ending-poverty Post an answer for one question below. 1. Briefly discuss the various aspects of the poverty trap. 2. Identify what the groups of government programs that assist the poor are called and provide examples of the prominent programs that are provided in the U.S. 3. Briefly discuss what measuring inequality involves, and provide two examples for doing so. 4. List at least 5 plausible reasons for a degree of income inequality. Now Review the following. 1. Is it possible to have a comparative advantage in the production of a good but not to have an absolute advantage? Explain.***Yes, absolute advantage depends on who uses fewer resources to produce the good. Comparative advantage depends on who has a lower opportunity cost of producing the good. Even a country with an absolute advantage in everything is very unlikely to have a comparative advantage in everything. 2. How does comparative advantage lead to gains from trade? ***When countries specialize in producing goods in which they have a comparative advantage, productivity is higher and so is total production. 3. What is intra-industry trade? ***Intra-industry trade refers to trade with the same industry. 4. What are the two main sources of economic gains from intra-industry trade? ***Intra-industry trade allows firms to specialize in different segments of markets. Learning takes place as people specialize in particular pieces of the value chain. In addition, specialization allows for economies of scale. 5. France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting green beans and tomatoes. In France is takes two hours for each worker to harvest green beans and two hours to harvest a tomato. Tunisian workers only need one hour to harvest the tomatoes but four hours to harvest green beans. Assume there are only two workers and each worker works 40 hours a week. Review the PPF below. Then, answer the questions. 1. Does one country have the comparative advantage in green beans? In tomatoes? Explain and calculate opportunity cost. 1. Answer below. France green beans, Tunisia tomatoes. Tunisia's opportunity cost to produce 1 tomato is 1/4 green bean. France's opportunity cost of producing 1 tomato is 1 green bean. Comparing, who loses less by producing tomatoes? Tunisia. Comparing, who loses less by producing green beans? France