These questionsare important for several reasons: households in developing countries depend on friendsand relatives for their livelihood and sometimes their survival; help exchanged withinextended families and kin networks affects the distribution of economic well-being, andthis private assistance and exchange can interact with public income redistribution. Yetdespite rapid recent progress there remain significant deficiencies in our understand-ing of the economics of extended families.

Which is not the major objective of Family Welfare Programmes in India?a.population growth rate controlb.disease controlc.employment generationd.enhance life expectancy

Social Mobility: What opportunities exist for individuals and families to improve their standard of living and move up the economic ladder?

In the class lecture notes, we discussed the utilitarian justification for redistribution of income using an example with Peter and Paul.  Under the assumptions of that model, society’s total number of utils rises when income is transferred from a rich person to a poor person because:Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.athe rich have lower marginal utility of income than the poor.bgovernment transfers are more efficient than private charities.cthere is more social harmony when income levels are equalized.dthe poor have lower marginal utility of income than the rich.eGNP rises when wealth is more evenly spread out across the population.

Financial Inclusion does not assure?(a)Reducing Poverty (b)Reducing Inequality (C)Reducing Migration(d)Reducing opening of new accounts (e)Improving poor family’s overall welfare

Developed countries with more unequal distribution of wealth less social mobility.Group of answer choicesTrueFalse