Does Income Inequality Impair the American Dream?

Q: understanding

A: Mathematics permits economists for construction of defined models from which exact conclusions could…

Q: Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?

A: ANSWER Scarcity refer to the basic economic problem- the gap between limited resources and limitless…

Q: Human capital refers to society’s understanding of the best ways to produce goods and services.

A: ‘Human capital’ refers to the compilation of ‘skills’, ‘education’ , ‘technical’ & ‘process…

Q: Write the production function (human capital (H) being included in TFP) and explain the content of…

A: Production function: Y = F(K,L,H,A)

Q: Draw a Microeconomic Theory of Fertility and then describe the diagram starting from the…

A: The creation of a microeconomic model of fertility required a more detailed specification of a…

Q: What is the role of mixed economy?

A: A mixed economy is a type of economic systems like the command economy, private sector economy,…

Q: are the poorest members of society the greatest beneficiaries in the Difference principle of John…

A: The poorest members of society are not usually the most significant winners under the Difference…

Q: What is functional literacy?

A: Literacy is characterized as the ability to interpret and write as well as information of a…

Q: If education is so important, why don’t people/households as well as the government invest equally…

A: Education is a discipline that's involved with teaching and learning strategies in colleges or…

Q: Why social enterprise considered as an alternative platform that can alleviate the plight of the…

A: In an economy, social enterprise refers to the one in which government has the major share and the…

Q: Government attempts to reduce income inequality; ensure minimum health, education, and living…

A: Government plays an important role in various aspects of the economic stability. It ensure the…

Q: why it is less likely to people to migrate from urban to rural?

A: Migration is an economic process where people move from a city/place to another in search of better…

Q: There is evidence that income per worker is converging in A) the richest countries and the poorest…

A: The measure of the amount of income that is being earned per person in a geographic region or nation…

Q: Which was a theory introduced by Adam Smith? Select one: a. Theory of Population. b. Theory of…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: Which of the following concepts best describe ‘social capital’?  (a)  Skills and qualifications.…

A: 'Social capital' refers to shared values, ideas, information and opportunities, along with trust in…

Q: The question am asking is based on the capabilities approach developed by A. Sen. My question is Why…

A: Human development refers to improvement in quality of life and reduction in inequalities. Following…

Q: List and describe four determinants of productivity

A: Productivity is a measure of the efficiency of a firm . It is the ratio of the total volume of…

Q: Why do entrepreneurs have trouble remaining objective when writing their business plans?

A: Some entrepreneurs fail to plan proper business plans as they don't want to test their ideas too…

Q: Based off of the article, what three poverty traps help explain the plight of nations comprising the…

A: Poverty entices area unit self-imposing mechanisms that enhance the matter of poorness than reducing…

Q: What are the types of natural resources and makeup the differences between them?

A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: Explain why Karl Marx said that even if the wage increases, it will still go back to its subsistence…

A: Subsistence wages are the wages that enable a worker to fulfill his or her basic needs. Subsistence…

Q: What is the 4th Industrial Revolution and Education 4.0 and its importance?

A: The fourth industrial revolution is of eliminating the boundaries between the physical, biological,…

Q: How does a mixed economy decide what to produce?

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: In factor markets, entrepreneurs

A: Government and central bank control the financial and economic functioning of a particular economy.…

Q: Which of the folowing examples explains how the United States is a Mixed Economy? O A. Most…

A: A mixed economy is one that has the elements of both a socialist as well as a capitalist economy. It…

Q: Why does Chang (2011) argue that there is no such thing as a free market? Why is immigration central…

A: Free market refers to a system where the buyers and sellers interact with each other to decide the…

Q: y. Bob's opportunity cost of remaining in college is

A: Opportunity cost is the loss of potential gain from other alternatives when one particular…

Q: Discuss the concept of coming of age in “House on Mango Street."

A: coming of age in “House on Mango Street." is a story based on a girl named Esperanza. This story…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: How does TripAdvisor use the four basic inputs of an economic system?

A: Introduction: An economic system, sometimes known as an economic order, is a system for producing,…

Q: Why did classical liberals argue against creating a welfare state?

A: In economics and social aspects, liberalism refers to the ideology according to which people accept…

Q: How does the microeconomic theory of fertility relate to the theory of consumer choice?

A: The relationship between the consumer's preferences and the expenditure is depicted by the theory of…

Q: How is education level impact the lives of consumers?

A: Consumers are the people who make purchases. For a business organization, it is very important to…

Q: What is mixed economy and what are the features of the mixed economy please explain?

A: A mixed economy is a framework that joins attributes of market, order, and conventional economies.…

Q: What is human capital? Is education important in increasing the quality of human capital or not?

A: Human Capital The economic benefit of a laborer's experience and talents is referred to as human…

Q: How do you see the trade-off between the economy and theenvironment? Which is more important? Is it…

A: A situational decision involving diminishing or losing of one quantity, quality, or property of a…

Q: Provide example on how individuals may get finding from the capital markets?

A: Capital market is the market where long term funds are raised by individuals , firms , companies .…

Q: What is the individual’s human wealth? Total wealth?

A: Wealth: It is the estimation of the relative multitude of assets that are controlled by an…

Q: Why does the U.S. fall at the bottom of family leave entitlements in developed countries ?What would…

A: In "new economy" non-standard schedule works are very common. Over the past decade, the amount of…