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- 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.The way(s) that gender, specifically, “straightness” or “straight culture.” shapes the US gives full detiles about gender and straightness and the sight culture, please. what is American exceptionalism? Full detailed organized, pleasea. 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.
- Do economists have any particular expertise at making normative arguments? In other words, they have expertise at making positive statements (i.e., what will happen) about some economic policy, for example, but do they have special expertise to judge whether or not the policy should be undertaken?Salem saves 300 riyals every month to build his future. What is the value of this position? A- Social. B- Economic. C- Personal. D- Legal.Explain your position on this issue. Identifypositive and normative reasons for your deci-sion. Are there alternative ways to aid theworking poor? Explain.
- College students sometimes work as summer interns forprivate firms or the government. Many of these positions pay little or nothing. a. What is the opportunity cost of taking such a job? b. Explain why students are willing to take these jobs. c. If you were to compare the earning later inlife of workers who had worked as interns and those who had taken summer jobs that paid more, what would you expect to find?This chapter discusses the importance of economicmobility.a. What policies might the government pursue toincrease economic mobility within a generation?b. What policies might the government pursue toincrease economic mobility across generations?c. Do you think we should reduce spending oncurrent welfare programs to increase spending onprograms that enhance economic mobility? Whatare some of the advantages and disadvantages ofdoing so?People who often create benefits for the minority and impose the cost on the majot"ity are called a.fair-interest groups. b.encounter groups. c.laissez-fail'e groups. d.special-interest groups.
- 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 answeWhat are some of the most pressing questions about gender and sexualities on today's societies?? What do you think about people's right to make a choice in this respect?1. Can the teacher satisfy the needs of all types of learners in a large class? Why & why not?
