Identify some public policies that can reduce the level of economic inequality

Q: If a country had perfect income equality what would the Lorenz curve look like?

A: In an economy, Income inequality occurs when there is an unequal distribution of income and wealth…

Q: The combination of low GDP per capita and high income inequality is sometimes positive for companies…

A: Agricultural products include vegetables, oils, fruits, milk, meat, eggs, and cereals.

Q: What are some reasons why a certain degree of inequality of income would be expected in a market…

A: Income inequality describes that how unevenly the income is distributed in the economy. Uneven…

Q: Although it is hard to separate the causes of poverty from the effects, there is no doubt that…

A: Economy refers to the system in which the production and consumption activities are interrelated. It…

Q: What are the causal connections and intersections between poverty and wider social problems(such as…

A: Poverty is about not having enough resources to meet basic requirements of living including…

Q: can you explain what generational poverty is and how it can be solved?

A: Generational poverty is very bad situation of the people who are living in a poverty situation at…

Q: The term obtained by dividing the area of inequality shown by a Lorenz curve by the area of the…

A: Gini Coefficient It is the area below the line of perfect equality minus the area below the Lorenz…

Q: How to redistribute income to reduce poverty, without causing loss of economic incentives.

A: Answer: Redistribution of income to reduce poverty can be achieved through the following ways:…

Q: How can you use this document to argue that the US should reduce economic inequality?

A: Economic inequality means that there is unequal distribution of wealth/income and opportunity among…

Q: Explain a situation using the supply and demand for skilled labor in which the increased number of…

A: The demand and supply concept has to be understood by the the law of demand and supply where in law…

Q: If a family of three earned $20,000, would they be able to make ends meet given the official poverty…

A: Poverty threshold refers to the minimum level of income deemed to be sufficient in a country. This…

Q: Explain the Lorenz Curve.

A: A Lorenz curve may be a graphical representation of income inequality or wealth inequality developed…

Q: How would a utilitarian, a liberal, and a libertarian determine how much income inequality is…

A: Inequality is how income and other factors are distributed unevenly through a society. The lower the…

Q: If the poverty guideline for a family of four is $25,750, what is the most that a household can earn…

A:

Q: Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: List the economic problems that produce inequality?

A: Inequality in the economy is produced when there comes a difference in the distribution of wealth,…

Q: Explain two solutions to overcome economic inequality.

A: Solutions to overcome inequality To overcome inequality,government should increase minimum wage law…

Q: Social inequality has material and ideological roots. Explain and provide an examples

A: Social inequality - When there is an unequal distribution of wealth resources or opportunities…

Q: As income transfer programs accompanying the War on Poverty increased beginning in the latter half…

A: Income transfer program gives payment benefits to the people who position below certain level of…

Q: Below is a Lorenz Curve for a given country.  Suppose its government establishes a 10% income tax on…

A: A Lorenz curve is a graphical representation of a community's income or wealth distribution.Lorenz…

Q: Write your ideason what should be done to halt the inequality among people experienced in each…

A: Inequality: It refers to how financial factors are distributed among people in a gathering, among…

Q: as a student in college, what can be done to address income inequality? Explain

A: As a college student,toaddress income inequality,protest can be made against it in the form of…

Q: In the Lorenz curve, the final entry in the cumulative income column needs to be 0% 45% 100%…

A: Lorenz curve is a curve of distribution of income with an economy.

Q: Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and…

A: TRAIN LAW or the Tax Reform for Acceleration and Inclusion Law is a enforced in Phillippines in…

Q: What percentage of families in the United States is classified as poor? Which demographic groups…

A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…

Q: Should the government be involved to create more equality in income disparities

A: Income disparity is the way unevenly income is disseminated all through a populace. The less…

Q: Debate the economic arguments for and against income inequality

A: The unequal distribution of income across population is called income inequality. The dispersion is…

Q: Explain the trade-off between equity and efficiency in poverty-reduction policy.

A: Equity refers to the concept wherein the citizens of the country are included. It allows the…

Q: Some people feel that income distribution (equality) should be achieved. Do you agree or disagree…

A: The inequality in the distribution of income over the population is referred as income inequality.…

Q: Why the research of migrant workers that affect the income inequality is important to the community,…

A: A migrant worker is someone who migrates for work either inside or outside of their own country.…

Q: How has the definition of educational inequalitychanged?

A: Educational inequality refers to the unequal allocation of academic resources to socially…

Q: Describe how a push for economic equality might reduce incentives to work and produce output. Then…

A: Equality is the concept of fairness which is primarily maintained by the government by taxing some…

Q: Which of the following is not an example of some of the government policies that, intentionally or…

A: Government policies have sometimes led to intentional or unintentional higher inequality.  If the…

Q: Discuss the reasons behind economic inequality.

A: Inequality refers to a situation where there is unequal or different distribution of resources or…

Q: Explain and interpret different methods of measuring income inequality.

A: Income equality shows the differences between the income of different groups of people. It helps to…

Q: Make a case for income inequality

A: Income inequality is a very worst situation for the countries all around the world.It would decrease…

Q: List three policies that can affect the level of economic inequality.

A: In the set of development instruments of a country, the economic inequality is always kept on the…

Q: What factors have contributed to increased income inequality since 1970?

A: Income inequality tells us how unevenly income is distributed in a country. This means the different…

Q: Explain the impact of education on poverty.

A: Poverty Poverty refers to that state or condition where a person or community is unable to fulfill…

Q: Where is income inequality the worst?

A: Income inequality refers to the situation where there is wide misallocation of income between the…