Explanation:
The poverty line is the smallest amount of money, a person or a family needs to live on; to buy what is needed and is a line which is a gulf between the rich and the poor.
The Census Bureau determines poverty status by using an official poverty measure (OPM) that compares pre - tax cash income against a threshold that is set at three times the cost of a minimum food diet in 1963 and adjusted for family size.
Answer:
Prospect theory
Explanation:
Prospect theory: In psychology, the term "prospect theory" is determined as one of the behavioral models that significantly displays the process through an individual decides or analyze between different alternatives that evolve high uncertainty and risk, for example, the loss of gain percent in anything.
The prospect theory explains that different individuals believe by analyzing the "expected utility" as compared to any "reference point" instead of any "absolute outcome".
In the question above, the given statement signifies the "prospect theory".
Answer:
Crowd psychology is the broad study of how individual behavior is impacted when large crowds group together. This field of social science has progressed from the early examination of negative social groupings to the study of crowds in more socially proactive or emergency-type of environments.
