1- An example of a poverty trap is a. extended time periods without war b. a lack of mineral wealth c. A corrupt government d. laws and regulations to help detect fiscal fraud 2- Which of the following groups has the highest death rate? a. middle-income economies b. low-income economies c. high-income economies d. All the above economies 3- Models are used to describe cause-and-effect relationships a. True b. False

1- An example of a poverty trap is a. extended time periods without war b. a lack of mineral wealth c. A corrupt government d. laws and regulations to help detect fiscal fraud 2- Which of the following groups has the highest death rate? a. middle-income economies b. low-income economies c. high-income economies d. All the above economies 3- Models are used to describe cause-and-effect relationships a. True b. False

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 8PA

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1- An example of a poverty trap is a. extended time periods without war b. a lack of mineral wealth c. a corrupt government d. laws and regulations to help detect fiscal fraud 2- Which of the following groups has the highest death rate? a. middle-income economies b. low-income economies c. high-income economies d. All the above economies
Taxation, Distribution of Income and Resource AllocationFirst, explain how society decides rationally on how much equality it wants relative to income distribution. Next, discuss the policies available to the government to distribute income and the impact such policies may have on the microeconomy. Then, explain how despite economists use of economic analysis to provide suggestions for responding to economic problems (i.e. housing crisis, financial crisis, Recession) the economy still often confronts market’s short-comings that deeply impact consumers and producers. Lastly, using any graph of your choice from the textbook, graphically illustrate your explanation.
Please no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
a. If “everyone used to be poor,” then how did some ancient civilizations afford to create massive buildings such as the pyramids of Egypt and the Buddhist statues of Afghanistan? "Everyone used to be poor" is a general statement regarding economic history with some notable exceptions, namely the civilizations that produced these monuments. Ancient civilizations lasted for hundreds of years. The political stability afforded by such longevity outweighed the lack of wealth these civilizations had. Ancient civilizations usually operated under a single ruler, allowing for more efficient allocation of resources than under decentralized power structures such as democracy or competitive markets. Civilizations that controlled many poor people could concentrate their limited wealth and labor resources toward one giant project.
Give written answer with explanation and conclusion Which of these is a reason why Real GDP per Capita is NOT a good measure of social welfare? Check all that apply. Select one or more: a. Real GDP per capita counts intangible services in the same way that it counts tangible goods b. Real GDP per capita does not account for pollution c. Real GDP per capita does not account for income inequality d. Real GDP per capita does not account for the quality
1. give at least three (3) government programs or policies that you believe are effective ataddressing the nexus of poverty and unmet health and education needs of poorfamilies in our country. 2. Explain why they are effective and you may give concrete examples.
Which of the following statements is not correct? Select one: a. The economic life cycle theory explains why gifts of goods and services reduce poverty for the very young and the very old. b. Because people can borrow and save to smooth out changes in income, their standard of living in any one year depends more on lifetime income than on a particular year's income. c. The percentage of the population that suffers from long-term poverty is far smaller than the percentage of the population that suffers from short-term poverty because there is a high level of economic mobility in the United States. d. Permanent income is a better measure of a family's ability to buy the necessities of life than is transitory income.
A study on the perception of the urban poor on the housing program of the government. What is the value of the research? Explain. Who are the beneficiaries? Why do you think so? A survey on the presidential preference of the basic sectors (farmers, fisher folks, indigenous people, laborer, and urban poor) in the 2016 election. What is the value of the research? Explain. Who are the beneficiaries? Why do you think so?
True False with a 1 sentence explaination please thanks. E) It is argued that as a result of growing dependency on government's welfare programmes, marginal poor's welfare increases substantially
3 Explain why poverty in the poor nations is a vicious circle. Support your theory/statements/research.
True or False questions: Please answer all the questions, Thanks. 1. Underdevelopment is a point of equilibrium just as development is. 2. In the process of development, pecuniary externalities can be totally avoided. 3. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries. 4. Improving hard and soft infrastructure increase investments and trade of a nation. 5. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector. 6. O- Ring Model posits that there are no small tasks in the development process of nations.
Question 2 The difference between rich and poor is becoming more extreme, and as income inequality widens the wealth gap in major nations, education, health and social mobility are all threatened — Helene D. Gayle 2(a). Please describe six ways to reduce income inequality from the society? 2(b) Please explain the following concepts. Lorenz Curve Gini Coefficient 2(c) Please explain the concept of externality. Do you think the government should charge higher tax rate from the business enterprises to reduce pollution? Please explain your answer