Below are the following different varieties of inequality, explain each by citing a situational example. Intersecting inequality Vertical inequality Horizontal inequality Inequality of outcomes Inequality of opportunities Global inequality

Q: As coronavirus deepens inequality, inequality worsens its spread. Explain with comprehensive what…

A: The economies around the globe tend to face a limit to the total amount of resources which are…

Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…

A: Income distribution refers to equality with which income is divided among different sections of the…

Q: Discuss the major changes in the global distribution of income from 1980 to 2014, paying attention…

A: Global distribution of income- refers to the ways in which income is distributed among people over…

Q: What are some reasons why a certain degree of inequality of income would be expected in a market…

A: Income inequality describes that how unevenly the income is distributed in the economy. Uneven…

Q: How can you use this document to argue that the US should reduce economic inequality?

A: Economic inequality means that there is unequal distribution of wealth/income and opportunity among…

Q: 1. In the graph, how much of the US population is represented by each person? What does the stack on…

A: This graph is a representation of the actual distribution of wealth in US. This graph divides the…

Q: What is the urban inequality rate compared to national inequality rate in Rio de Janeiro? Give a…

A: Inequality has been a major concern to most of the countries across the world. Inequality refers to…

Q: Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: List the economic problems that produce inequality?

A: Inequality in the economy is produced when there comes a difference in the distribution of wealth,…

Q: Explain two solutions to overcome economic inequality.

A: Solutions to overcome inequality To overcome inequality,government should increase minimum wage law…

Q: Your friend points to the wages earned by your economics professor and her teaching assistant (TA)…

A: The economic lifecycle refers to the consumption and income patterns of individuals over the course…

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: what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian,…

A: Classical economics believe in full employment, and that any divergence from full employment…

Q: as a student in college, what can be done to address income inequality? Explain

A: As a college student,toaddress income inequality,protest can be made against it in the form of…

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: 5. Make an eyeball estimate of what percent of US wealth is owned by the poorest 20 percent.

A: These bars show the distribution of wealth among Americans. And the distribution of income is from…

Q: What are the principal causes of income inequality and what are popular and conventional measures to…

A: The measure that depicts the uneven distribution of income throughout a population is being known as…

Q: How does this document help answer the question, “How should the US reduce economic inequality?”

A: US should reduce economic inequality by following steps :- 1. End of residential segression  2.Tax…

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: 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: Which of the following are reasons why high income inequality may be inefficient? Check all that…

A: This can be defined as a situation In which the person is actively finding a job and has have…

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: What is income inequality in economics. Define it with the help of example.

A: Income inequality basically refers to the uneven distribution of income among a population. The more…

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

A:

Q: List three policies that can affect the level of economic inequality.

A: In the set of development instruments of a country, the economic inequality is always kept on the…

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.