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- What is the relationship between the rising cost of living and low-income communities’ standard of living.Summarize changes to the distribution of income since 1980. Is is analysis positive or normative? Why?How do you see the trade-off between the economy and theenvironment? Which is more important? Is it possible toimprove both at the same time? Explain.
- Is Income determined by the Scarcity of Your Contribution, and Not the Value of Human Worth?In the diagram below, which of the following economies have a more equal income distribution? (a) Economy A. (b) Economy B. (c) Economy C. (d) More information is needed.Increases in GNP per capita are often interpreted as increases in welfare. What are some problems with this interpretation? What do you think is the biggest problem with it, and why?
- Give correct typing answer with explanation and conclusion In a global perspective, the United Nations and the World Bank calculate an absolute poverty line of $1.90 per day based on:What comprises middle-income economiesWhich of the following Gini coefficients indicates that a country has an equal distribution of income? A.1 B.0.7 C.0.5 D.0.2 E.0
- If there is a mixed economy, there will be ___________. a. Government intervention b. All of these c. Public and private ownership d. competitionWhen the earned income of poor people increases to be equal to disposable income the transfer from the government is zero. is it (true or false) ?In economic analysis, what are the assumed objectives of households, firms, and the government?
