Poverty can lead to social injustice because the poor would be given little or no regard as compared to the rich.
<h3>What is social injustice?</h3>
Social injustice occurs when a less privilege individual or group is being treated unfairly by another, resulting in disadvantages to that individual or group, which can result in missed opportunities in terms of education, work, housing, health care, and more.
Poverty leads to social injustice because if a person is poor, they are not provided the things they need and they are not treated like how they should be. In other words, they are treated lowly compared to those who have higher social status in the society.
Hence, poverty can lead to social injustice because the poor would be given little or no regard as compared to the rich.
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In Country A, the opportunity cost of one paper clip is 1/2. Option C
<h3>What is opportunity cost?</h3>
The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.
We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.
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Missing parts
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.
In country A the opportunity cost of 1 paper clip is
A.2 rubber bands.
B.1 rubber band
C.1/2 rubber band.
D.1/4 rubber band.
The conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that: B. It would look different because exchange rate tables change constantly.
An exchange rate can be defined as a number that is used to denote or represent the financial value of a currency in comparison with another currency.
On a related note, the foreign exchange market is a market that is used for converting the currency of a particular country into the currency of another country. For example, the dollars (United States of America) can be converted into naira (Nigeria) in the foreign exchange market.
In the foreign exchange market, the exchange rate for various countries are typically shown or displayed by using the exchange-rate table, which changes constantly depending on the following factors:
- Gross Domestic Product (GDP)
In conclusion, the conclusion which can be drawn with respect to the nature of an exchange-rate table in December 2013 is that, it would look different because exchange rate tables change constantly.
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