1. "The work of Banerjee and Duflo explains the poverty of people in low income countries as a result of their inefficient choices, such as overspending on festivals.' Do you agree or disagree? Be sure to explain what poverty is, how we measure it and how it is related to economic development. Make sure that you include the relevant findings from the article by Banerjee and Duflo. Also address the question of why it has it proven so difficult to eliminate severe poverty as proposed in the Millennium Development Goals? Explain your answer in rich detail.