Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 12, Problem 1SQ
To determine

The argument of the economic pie and distribution.

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If it is not profitable to discriminate, why does discrimination persist? If a country had perfect income equality what would the Lorenz curve look like? Offer one reason why income inequality might increase productivity and efficiency in an economy. Offer one reason why income inequality might reduce productivity and efficiency in an economy. Explain your answers. In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
Does inequality necessarily suggest unfairness? Explain.
How does poverty relate to discrimination and inequality? Explain
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