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- Social inequality has material and ideological roots. Explain and provide an exampleswhat do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian, institutionalism, chicago, behavioural, feminist, buddhist, ecological and evolutionary economics think about income inequality and what there proposed solutions?How is inequality bad for the economy?
- Should the government provide more and more public goods, so that we move increasingly towards a 'welfare state'? Why or why not?How does China's one-child policy show the influence government can have on a population?How would a utilitarian, a liberal, and a libertarian determine how much income inequality is permissible?
- That theories are related to poverty or how the rise in food prices affect the vulnerable population?Does the economic model or socioeconomic model of social responsibility make more profits? And why?How does a society or a country make the decisionabout the tradeoff between equality and economicoutput? Hint: Think about the political system.