Question
This phenomenon is represented graphically by the lower convex section in a graph of present income versus future income. For 10 points each:
[10m] Name this phenomenon in which very-low-income households do not have enough capital to improve future earnings.
ANSWER: poverty trap [accept cycle of poverty]
[10e] This general program of credit and savings aims to alleviate the poverty trap by allowing poor people access to small-scale financial institutions, such as Grameen Bank.
ANSWER: microfinance [accept microcredit, microsavings, microlending, or microloans]
[10h] These reciprocal financial associations, particularly common in Africa, operate on a model where members donate a fixed amount on a regular basis and one member of the group receives all of the donations at each meeting. Microfinance institutions often replicate these associations’ group lending and meeting arrangements.
ANSWER: ROSCAs [or rotating savings credit associations; accept merry-go-rounds or tontines]
<Ryan Rosenberg, Social Science>
Summary
| 2023 Chicago Open | 08/05/2023 | Y | 9 | 17.78 | 89% | 67% | 22% |
Data
| Romanos IV Diogenes’ Macaroni Grill | I would prefer not to | 0 | 10 | 0 | 10 |
| Quasicrystal Silence | remembrance of lost time | 10 | 10 | 0 | 20 |
| Saint Peter Andre 3000 | Hang et al., Robert Browning | 10 | 10 | 0 | 20 |
| Teach Us to Outgrow Our Ladness | Curse you, Periplus the Platypus! | 10 | 10 | 0 | 20 |
| Don't be Afraid, the Clown's Afraid Too | Team Name Think Detail | 0 | 10 | 0 | 10 |
| The Canadians | I prefer really not to speak. If I speak I’m in big trouble | 10 | 10 | 10 | 30 |
| The Plague (anime)" was redirected to: "Oran High School Host Club | The Catastrophic Implosion of Packet Sub | 10 | 10 | 0 | 20 |
| wave2: trimming membership codes 9655377758gp | BHSU | 0 | 0 | 0 | 0 |
| [moderator voice] yes that is so tenpointscore! is your team feeling bonuspilled? | Evans Hall destruction awaiters | 10 | 10 | 10 | 30 |