Which statements are TRUE? A. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development. B. When the S-shaped function cuts the 45-degree line of equality from above, the equilibrium achieved is stable. C. Underdevelopment can be fully explained by coordination failure and problem diagnostics failure. D. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.

Which statements are TRUE? A. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development. B. When the S-shaped function cuts the 45-degree line of equality from above, the equilibrium achieved is stable. C. Underdevelopment can be fully explained by coordination failure and problem diagnostics failure. D. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter33: Income, Income Distribution, And Poverty

Section: Chapter Questions

Problem 9E

See similar textbooks

Similar questions

Which statements are TRUE? 1. Personal income is the income that is eventually spent or saved by the earner. 2. The tax levied on goods and services which is finally borne by the end-consumer is known as indirect tax. 3. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of population. 4. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics. 5. Up to this time, poverty is experienced more by women rather than men at the national and international level.
Explain this: Goal 10: Reduced Inequalities. Income inequality is on the rise the richest 10 percent have up to 40 percent of global income whereas the poorest 10 percent earn only between 2 to 7 percent. If we take into account population growth inequality in developing countries, inequality has increased by 11 percent. Income inequality has increased in nearly everywhere in recent decades, but at different speeds. It’s lowest in Europe and highest in the Middle East. These widening disparities require sound policies to empower lower income earners, and promote economic inclusion of all regardless of sex, race or ethnicity. Income inequality requires global solutions. This involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and oreign direct investment to regions where the need is greatest. Facilitating the safe migration and mobility of people is also key to bridging the widening divide.
TRUE OR FALSE. Write True, if the statement is true and write False, if the statement is false. 1. Economic stability characterized by having more income is what defines development per se. 2. Other essentials in modern times would include access to quality education and availability of modes of transportation and communication. 3. As it was in the past, absolute poverty is true if the minimum levels of basic needs are met. 4. Poverty is more than just lack of income as it is multi-dimensional and includes non-economic variables. 5. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 6. Subsistence economy is often referred to as “hand-to-mouth” existence. 7. Developing countries are also referred as less developed countries. 8. Traditionally, economic development is measured by quantitative measures of income and income distribution. 9. What a country has for its resources determines to a great…
“The most popular justification for the interventionist state is to create or ensure fairness and justice in the distribution of income...Income is not distributed. In a free society, income is earned.” Which economic perspective does the quotation above best represent? conservative positive analysis radical liberal libertarian Question 2 _____ is an assumption used in economics in which other relevant factors or variables are held constant. Ceteris paribus Scarcity rule Montani semper liberi Variable costs Marginal revenue maximization
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…
1) Greater curvature of the Lorenz line is correlated to greater relative degree of inequality. 2) The opportunity cost of an education, in developing countries, is relatively low compared to those in a highly developed country. a. First statement is TRUE, second is FALSE b. First statement is FALSE, second is TRUE c. Both statements are TRUE d. Both statements are FALSE
a. Equitable distribution of income is a thorny issue for many nations. You have been selected as an economist in the Treasury, and you are addressing the Treasury team. What could you highlight its causes of inequality in your country in question and comment on your proposed solutions to the country problems? b. Comment on ballot box theory.
Assess whether the policies and programs from the Philippine Development Plan 2017-2022 are adequate to address the problems on the inequality and poverty in the country today, and discuss why they are adequate or insufficient.
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
International data show a positive correlation between income per person and the health of the population. a) explain how higher income might cause better health outcomes b) explain how better health outcomes might cause higher income. c) how might the relative importance of your two hypotheses be relevant for public policy.
Despite the recent unprecedented technological advancement and economic growth, inequality of various sorts exists in all the societies across the world. How do you think inequality can be reduced specially in our society? A. Is there a need of reducing inequality in the society? Why or why not? Explain with logical reasoning and historical examples.B. Describe through functionalist perspective how inequality could be reduced effectively in a society
Give written answer with explanation and conclusion Which of these is a reason why Real GDP per Capita is NOT a good measure of social welfare? Check all that apply. Select one or more: a. Real GDP per capita counts intangible services in the same way that it counts tangible goods b. Real GDP per capita does not account for pollution c. Real GDP per capita does not account for income inequality d. Real GDP per capita does not account for the quality