it is important to consider the potential for trade-offs between when designing poverty policy. Multiple Choice All of these are true. the old and the young equity end efficiency
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- Here is one hypothesis: A well-funded social safety net can increase economic equality but will reduce economic output. Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.Explain what the long- and short-termconsequences are of not promoting equality or workingto reduce poverty. Consider two communities. In one community,ten families have incomes of $100,000 each and tenfamilies have incomes of $20,000 each. In the othercommunity, ten families have incomes of $250,000each and ten families have incomes of $25,000 each.a. In which community is the distribution of incomemore unequal? In which community is theproblem of poverty likely to be worse?b. Which distribution of income would Rawls prefer?Explain.c. Which distribution of income do you prefer?Explain.d. Why might someone have the oppositepreference?
- 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?Question: In which year the concept of Multidimensional Poverty Index was introduced? (A) 2010(B) 2011(C) 2000(D) 2008Please Dont use AI tool.Explain the relation of each and every box with the next box in separate elaborative points. And in the end, also give a summary that how this causes poverty trap.
- An advantage of the Multidimensional Poverty Index (MPI) over the Human Poverty Index (HPI) is that: (a) It adds up separate deprivations for the whole country, then takes averages, and then combines them. (b) It provides the sum of the difference between the poverty line and actual income levels of all people living below that line. (c) It gives the proportion of a country’s population living below the poverty line. (d) It takes into account that there are negative interaction effects when people have multiple deprivationsThe table below is an illustration of Pareto efficiency criterion after the implementation of a state income policy in some selected Ministries . Before policy. After policy Ministry A. 400 800 Ministry B. 200 200 Ministry C . 300 300 Total. 900 1300 Is there a Pareto improvement? Why?Suppose Inequality decreases without growth of mean incomes. What may likely happen to poverty? Suppose growth of mean income occurs without a change in inequality. What may likely happen to poverty? Explain Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 61. Development process in the Philippinesthat is biased towards the urban areas isalways justifiable from the perspective ofDevelopment Economics. *A. TRUEB. FALSE62. Up to this time, poverty is experienced moreby women rather than men at the national andinternational level. *A. TRUEB. FALSE63. Free education is a means of reducingpoverty among ethnic communities. *A. TRUEB. FALSE64. Terrorism, regardless of its place ofoccurrence, exacerbates poverty. *A. TRUEB. FALSE65. Public policy is essential in solving povertyat the local and national level. *A. TRUEB. FALSE66. Solving poverty has to be done frommacroeconomic and microeconomic levels. *A. TRUEB. FALSE67. The Kuznets Curve is a graphicalpresentation of the relationship of the Ginicoefficient and GNI per capita. A. TRUEB. FALSE68. The formal sector is the part of the urbaneconomy that is characterized by smallcompetitive individuals or small firms, pettyretail trade and services, labor-intensivemethods, free entry and market…When the Lorenz curve lies above thediagonal,a. the poorest 20 percent of the populationreceive more than 20 percent of income.b. the richest 20 percent of the populationreceive more than 20 percent ofincome.c. everyone receives the same income.d. the curve is wrong because it is impossible forthe graph to look like this.In season three of the TV show “The West Wing,”the federal government considers redefining thenational poverty measure in a way that wouldclassify an additional 4 million people as poor.The president worries that his administration willbe criticized for leading the country into greaterpoverty. Explain whether this change would havereflected a shift in an absolute measure of poverty,a relative measure of poverty, or whether it cannot be known. Finally, explain why all else equal,the president is not responsible for causing greaterpoverty