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- Susan is a single mother with three children. She can earn 8 per hour and works up to 2,000 hours per year. However, if she does not earn any income at all, she will receive government benefits totaling 16,000 per year. For every 1 of income she earns, her level of government support will be reduced by 1. Create a table, patterned after Table 15.3. The first column should show Susans choices of how many hours to work per year, up to 2,000 home. The second column should show her earnings from work. The third column should show her level of government support, given her earnings. The final column should show her total income, combining earnings and government support.Here is a second hypothesis: A well-funded social safety net may lead to less regulation of the market economy. Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.The government would want to fund education if a.there are huge private gains for the individuals receiving education b.education is a screening device for those with high ability to show that they have high ability c.education increases human capital, which increases the productivity of the work force d.education leads to better trade relations with other countries
- 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…explain why there's a correlation between the global city and the poorSITE 3 EXAMPLES OF GLOBAL INEQUALITY AND GIVE ATLEAST 1 SOLUTION TO THESE.
- Suggest a relevant government policy that would yield the efficient outcome andcarefully explain the process through which the implementation of thegovernment policy will lead to the optimal outcome for better health care.Most of the government's mandatory spending is used on which of the following? A) social security B) income security C) medicaid D) veteran's benefitsAssume that A values his house at $90,000. B is willing to pay $110,000 for A’s house in order torelocate closer to work. After signing a contract, B’s employer announces that the company will moveto another city. In view of this fact, the value of the house to B is reduced to $75,000. a)From anefficiency viewpoint, who should own the house, A or B?
- When MBsocial > MBprivate the unregulated free market will a) produce too much of the good or activity b) produce too little of the good or activity c) it cannot be determined with the information provided whether the free market will produce too much or too littleEquity is A. the fair distribution of economic benefits. B. always achieved by the market. C. when poorer people's income is growing more rapidly than more wealthy people's income. D. an exactly equal distribution of income.1. What two healthcare programs provide coverage for the indigent and elderly here in the U.S.? 2. Infant mortality rates in the U.S. are among the highest for developed countries and one of the factors maybe structural inequalities among various racial groups. A. True B. False
