Which of the following statements about race and inequality is correct? Group of answer choices The wealth of the average African American family increased significantly during Barack Obama's presidency (2009-2017). Wealth inequality between black families and white families in the US has decreased substantially since 1980. White (non-Hispanic) American households typically have a lower income than Asian American households. Asian Americans typically earn more than African Americans because Asian Americans do not experience discrimination.

Q: Some part of income inequality is likely to be the result of discrimination. But other factors…

A: Discrimination does result in income inequality but there are other factors also which results in…

Q: If government programs to assist the poor are successful at equalizing the income distribution, then…

A: Both Lorenz curve and Gini coefficient are measures of income inequality. They show income or wealth…

Q: Examine the Lorenz Curves for Japan and Portugal shown in Figure 5. Which of the following…

A: The X axis represents the percentage of households in the society and the Y axis represents the…

Q: Most people in the United States living below the poverty line are _____________. Group of answer…

A: Answer: Poverty line: poverty line refers to the minimum level of income at which if any person…

Q: The increase in marriages in which both spouses have a high paying job is given as explanations for…

A: United states being the largest economy in the world and with a very high per capita income has been…

Q: Males under the age of 25 must pay far higher auto insurance premiums than females in this age…

A: Discrimination associated with statistics means that the when the information is not distributed…

Q: In the United States poverty rates among African-Americans are high and most people living below the…

A: Poverty line is the level of personal/family income below which an individual is considered as poor…

Q: Several types of public policy have been used to attempt to alleviate poverty, with varying success.…

A: Minimum wage is always set above the equilibrium wage rate, and it creates excess supply of labor in…

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: Is the following statement True or False? "Employer Taste Discrimination models of wage inequality…

A: When talking about Employer taste discrimination model, it is the strategy of a firm to hire labor…

Q: The dynamic nature of poverty can be observed through... [Select multiple answers]    a transition…

A: Poverty refers to the situation when some of the people are unable to get basic necessities with…

Q: Which of the following is not linked to wage inequality for Latinas and African American women? Rise…

A: Wage inequality describes how wages are distributed unequally across a population.Measures of pay…

Q: Do you agree or disagree? Explain your reasoning. “There need be no trade-off between equality and…

A: This trade of between equality and efficiency has been into debate since forever. Whether the equal…

Q: What is statistical discrimination? Why do employers use group membership as an indicator of a…

A: Statistical discrimination arises due to differences in statistics factors. The employer will be…

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

A: Income inequality: It refers to a condition where income is divided unequally between the…

Q: In the United States, since the 1970s: the poorest 20% of wage earners has gained a greater share of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: If a society decides to reduce the level of economic inequality, which of the following would help…

A: Inequality refers to the wide wage gap among people. Some are earning very high and some are earning…

Q: A governmental agency determines that the Lorentz curves for the  distribution of income for two…

A: The Lorenz curve is a way to measure income inequality. In this method, we arrange individuals of a…

Q: Two competing approaches in explaining the phenomenon of poverty inequality and solutions to…

A: The present period is influenced by different emergencies either on homegrown or unfamiliar scenes…

Q: Would the following critiques of a poverty line produce a poverty rate that under or overstated…

A: It is absolute in a country where income is growing is a overstated. For non cash benefits, it is…

Q: Many economists believe that a more effective way to supplement the income of the poor is through a…

A: Taxes owed = (1/4 of income) - $10,000 --------------------- When income is $0 Taxes owed = (1/4 *0)…

Q: 100 Percent of Families Refer to the above graph. Venezuela has a very small number of extremely…

A: In US, inequality is greater that is why it is shown by Lorenz curve (C) .  In US income difference…

Q: In the United States, the incidence of poverty has declined since the 1970s. True False

A: Answer: True, Explanation: The incidence of poverty measures the proportion of families/individuals…

Q: The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United States…

A: given   The American Community Survey (ACS) is an ongoing nationwide survey conducted by the United…

Q: Which of the following are true regarding the measurement of poverty? The poverty rate is the…

A: In economics, the term poverty is used to explain the economic situation when some people are unable…

Q: What effect will each of the following proposed changes have on wage inequality?a. Indexing t he m…

A: Wage inequality refers to the situation when the companies or firms create differences among…

Q: Does inequality necessarily suggest unfairness? Explain.

A: Inequality is not beneficial to society,but it may not harm society also. Some theories suggests…

Q: concerning the Gini index, please indicate all the incorrect affirmations  a. Gini index measures…

A: Gini index measures the income distribution level among the people. It does so using Lorenz curve…

Q: Differentiate equality from equity

A: The dictionary meaning of equality is the state of being equal especially with regard to status,…

Q: How do factor endowments affect personal income? Examine different provisions employed by the…

A: Factor endowment: It refers to the land, labor and capital. Factor endowment helps in the production…

Q: Examine the Lorenz Curves for Germany and Singapore shown in Figure 5. Which of the following…

A: The Lorenz curve and Ginni coefficient are the measurements of the inequality in an economy. With…

Q: According to the U.S. Census Bureau, income inequality in the United States was "significantly…

A: Income distribution is the smoothness or equality with which income is being dealt out among the…

Q: If a society wishes to achieve a high degree of efficiency, then it must also accept a high level of…

A: The high growth rate calls for the high incentives to the producers. It tends to generate the income…

Q: The table below is an illustration of Pareto efficiency criterion after the implementation of a…

A: Pareto efficiency refers to the situation in which the all economic agents reached at a level where…

Q: Which statements are true? 1. Modern sector enlargement assures a better Lorenz Curve for a nation.…

A: 1)Enlargement only in the modern sector does not guarantee a better Lorenz curve. Lorenz curve shows…

Q: Exemplify an example of social inequality on each category. Education Healthcare Sector…

A: Social inequality is one of the major social issues faced by any economy and act as a hurdle in…

Q: The two figures below show trends in poverty rates and inequality for the U.S. (a) What are the…

A: (a) What are the trends in poverty and inequality from 2010 to 2019? As per the figure the trends…

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: A reduction in the redistribution of income: Multiple Choice results in more income inequality.…

A: Inequality refers to the income gap between the people living in a society. One of the measures to…

Q: If an economy has perfect equality (everyone earns the same income), the Lorenz curve for that…

A: Lorenz curve:- A Lorenz curve is a graph the shows the allocation of money or wealth within a…

Q: A Gini coefficient of 0.15 would indicate that a society’s distribution of income is:   A.…

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

Q: Which of the following is NOT a component of the Multidimensional Poverty Index? Whether or not the…

A: To provide a more detailed examination of the amount of poverty and hardship, multidimensional…