ECON 1-Final Project For the final project, students will write a 4-6-page paper (cover and reference page included). Students w two topics: (a) Poverty trap or (b) Income inequality. Assignments would need to be written in Times New double spaced with cover and reference pages. Paragraphs would need to be included and indented. Stud allowed to submit their final project in one of two forms: a paper or a video presentation. Using MS Word or any media sources include phone video, Voice Thread, Kaltura, Prezi, Adobe Spark Vide video apps like "I can present", explain one of these two topics using microeconomics concept. TOPIC 1: POVERTY TRAP a. What is poverty trap in economics? Explain in detail giving some historical precedent. b. What are some of the factors that lead to poverty trap? c. Give at least two examples of poverty trap or a government program that has aided poverty trap, d. Provide rationale on why you consider your examples poverty trap, e. What government programs are useful in reducing poverty? f. What are the shortcomings of these government programs g. Provide solutions/recommendations to overcome poverty trap