EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 8220100605932
Author: Blinder
Publisher: Cengage Learning US
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Question
Chapter 21, Problem 4DQ
To determine
Changes in poverty and inequality in US economy.
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How does economic growth reduce poverty?
Demographers have been surprised that total fertility rates have fallen below 2.0, especially because most people in most countries tell pollsters that they would like to have at least two children. Can you think of any possible economic factors that may be causing women in so many countries to average fewer than two children per lifetime? What about other social or political changes?
Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global economic growth still be desirable if it widened inequalities but reduced poverty? Why or why not?
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EBK ECONOMICS: PRINCIPLES AND POLICY
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- Education seems to be important for human capital deepening and thus economic growth. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?arrow_forwardEconomic growth is said to be a necessary but not sufficient condition to eradicate absolute poverty and reduce inequality. What is the reasoning behind this argument?arrow_forwardyou are appointed by a congressional task force to recommend at least two economic policies that will result in long-term growth. What do you recommend, and why?arrow_forward
- Why is economic growth necessary for reducing poverty and inequality.arrow_forwardGovernor Mitch Daniels advocates that the government intervene less in business to promote jobs and ultimately economic growth. Instead, he argues to have government put factors in place that promote job growth such as lower taxes and more infrastructure. Is this an appropriate method to promote growth? Are there alternatives where the government can intervene that are more efficient than the market?arrow_forwardWhat are the ways in which a government policymaker can try to raise the growth in living standards in a society? What is the relevance of productive and allocative efficiency to the growth process?arrow_forward
- Class, despite the economic progress that the U.S. has observed in the past century, the standard of living remains extremely low in many countries. Consider the following regarding poverty in developing countries: . Why are some countries relatively wealthy while others are not? Consider some primary differences between countries. Which differences do you expect to affect economic growth and wealth? Can you think of anything else that can help other countries to achieve economic growth?arrow_forwardDoes social mobility boost economic growth?arrow_forwardWhat are four public policies that can facilitate economic growth in a economy?arrow_forward
- Identify THREE public policies in Jamaica that can stimulate employment and facilitate economic growth in an economy.arrow_forwardWould you expect the relative returns to primary education, on the one hand, and secondary and postsecondary education, on the other hand, to change as economic development takes place?arrow_forward
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