What is the "incentive effects" critique of of income redistribution?  (Hint: This was exemplified by the arguments of early English industrialists and Classical economists in their push to reform the Old Poor Laws)

Q: Explain why the poverty gap ratio is the better target measure of poverty than the head- count…

A: The poverty gap represents the intensity of poverty in a country while the head-count ratio shows…

Q: Thich one of the following would increase income inequality as measured by official Census data and…

A: Income inequalities increase the gap between the poor and the rich widens.  In this case if social…

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: Economics Suppose that at date 1 the distribution of income is (1, 2, 3), while later, at date 2, it…

A: Income Inequality refers to the unequal distribution of income among the individuals of an economy.…

Q: Redistribution of income occurs through the federal income tax and government antipoverty programs.…

A: Redistribution of income: It means that the transfer of money from rich people to the people poor…

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 is the extent of economic inequality in America?

A: Inequality refers to the unequal or uneven distribution of income from person to person. This…

Q: When the Lorenz curve lies above thediagonal,a. the poorest 20 percent of the populationreceive more…

A: Lorenz curve is the curve which shows inequality in the economy, it could be income inequality or…

Q: What is so bad about extreme inequality? Provide one (1) answer, as suggested in Todaro.

A: Inequality measures the disparity in terms of income, and other facilities, which exists among the…

Q: Consider an income distribution S: (10, 20, 30, 50, 100). Suppose it is divided into two groups,…

A: Poverty line  The poverty line in an economy represents the minimum level of income, which shows the…

Q: As the Lorenz Curve gets closer to the line of absolute equality, the ________. a. the higher is the…

A: "Lorenz curve represents the graphical measurement of income or wealth inequality within a…

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: Which of the following would be a significant cause of income inequality in the United States?

A: To find : Cause of income inequality.

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: ordered from poorest to richest, and Y is the cumulative percentage of income, then equality of…

A: Lorenz curve is used to depict the distribution of income amongst the recipients in the form of a…

Q: What is income redistribution? Be specific and provide at least three examples.

A: Economics deals with the scarcity and unlimited wants of the people. The economy is bagged by scarce…

Q: Which of these is true about the Lorenz curve? a. allows us to rank all countries by the degree of…

A: In economics, there are different concepts used to explain or show the nature of economic variables,…

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: A society with progressive income taxes will likely have a very unequal after-tax distribution of…

A: Explanation: A free-market economy produces AN unequal distribution of financial gain. Since the…

Q: Why is there so much wealth inequality?

A: Wealth refers to the assets held by a person which includes property and financial assets. Wealth…

Q: The income distribution for a certain country in 1996 was estimated by the function f(x) = 0.66x2…

A: Income distribution defines the two-parameter model for the Lorenz Curve which shows the cumulative…

Q: The graph below shows the Lorenz curves of two different countries stylistically called ‘red’ and…

A: The Gini index, often known as the Gini coefficient, measures income distribution throughout a…

Q: Income inequality at one point in time is sometimes consistent with the income equality over time.…

A: Income inequality depicts that the distribution of income in any income is not same.

Q: Which of the following factors does NOT contribute to income inequality?   A. THE RISE OF…

A: Income inequality is the wide gap between the money earned by the richest people in an economy when…

Q: The graph shows the Lorenz curve for income. Draw a point that shows the cumulative percentage of…

A: Lorenz curve is a graphical portrayal of the conveyance of income or wealth inside a population.

Q: The degree of inequality in the distribution of income in an economy is depicted in aln O Lorenz…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: Would this transfer increase, decrease, or have no effect on income inequality in this group?…

A: Income: It refers to the money which people earn. The income is used by people to purchase things in…

Q: Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of…

A: Lorenz curve: A Lorenz bend is a graphical portrayal of pay disparity or abundance imbalance created…

Q: How does the Gini ratio relate to the Lorenz curve? Why can’t the Gini ratio exceed 1? What is…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of these is true of the Lorenz curve? The further away it is from the 45 degree line the more…

A: The curve that depicts the degree of wealth or income inequality in the economy is being known as…

Q: Why would income inequality be as damaging as poverty?  Explain each concept.

A: Income inequality refers to the unequal distribution of income among the population. This implies…

Q: Explain why a capitalist economic system tends to bring about a highly unequal distribution of…

A: Economy is a system where people earn their livelihood. And ithere are 3 types economy .

Q: How has the definition of educational inequalitychanged?

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

Q: Consider a Maldives island with ten inhabitants. Answer the questions below. a) Plot the Lorenz…

A: Lorenz curves might meet, which is frequently the situation in applied financial aspects, other…

Q: Discuss the concept of the “optimal amount of inequality.” What are some of the practical problems…

A: Optimal amount of inequality is alluded to the level endurable degree of inequality in the country.…

Q: It is not necessary that a government redistributing from rich to poor must have Rawlsian social…

A: The task of rating social security functions according to their desirability is known as social…

Q: d. Which of the following are drawbacks to redistribution of income? Select all that apply. Income…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Lorenz curves of two different countries stylistically called ‘red’ and ‘green’.

A:

Q: First define what progressive and regressive redistribution policies are. Then, in each of the…

A: A policy that represents action that are being intended for controlling or influencing the behavior…

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

A: Economic inequality refers to presence of disparities among wealth and incomes of individuals.

Q: In recent years, as the gap between the rich and the poor has increased, the Lorenz curve has

A: A Lorenz curve is a graphical representation of the distribution of income or wealth within a…

Q: What are the two main attitudes that surround explanations for the causes of poverty in the US (name…

A: Poverty: It refers to a situation under which people of the economy are unable to fulfill their…