Answered: Economic inequality arises from all of…

Economic inequality arises from all of the following except O A. a shortage of high-skilled labor B. inequality of human capital O c. inequality of education attainment O D. discrimination ***

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 2CQQ

See similar textbooks

Related questions

Q: Question 71 A white male from the Midwest earns $50,000 a year and a white female earns $40,000 a…

A: A wage is the sum of money to the laborers for their working hours. It is the price of labor used in…

Q: If the government increases its support of training programs, it could increase economic mobility…

A: This can be defined as a concept that shows the continuous progress in any nation it does not happen…

Q: This chapter discusses the importance of economicmobility.a. What policies might the government…

A: (a) The income inequality represents the unequal distribution of income across various economic…

Q: Poverty is measured by O one's lifestyle. O the cost of living where one lives. O one's income. O…

A: Poverty: - Poverty is the economic condition of a person in which that person does not even possess…

Q: What is a good example of the effect of human capital on income? O A Workers who learn to make high…

A: Human capital includes skills, education, and knowledge that adds up to giving value to the company…

Q: 1. write a short essav tha summarizes the problems by which the official poverty rate is…

A: What's going on with it?The poverty rate is a method for estimating the number of individuals that…

Q: What does the following measure? The percentage of people with an income below a certain level?…

A: Poverty line: - Poverty line is the minimum income level that is considered compulsory or necessary…

Q: If the poverty guideline for a family of four is $25,750, what is the most that a household can earn…

A: With poverty guideline for a family of four is 25750 $, any income marginally above the poverty…

Q: Read the news clip, then answer the following question. Between 1985 and 2007, China's Lorenz curve…

A: Lorenz curve is used as a measure of inequality, graphically seen as thr area or deviation between…

Q: What is true about income redistribution? Quest OA. Through income tax and redistribution, a dollar…

A: Income redistribution refers to the redistribution of income from the poor to the rich to remove the…

Q: We are interested to know about the main factors that cause POverty.. WHAT is the cause of Poverty…

A: Poverty is a situation or situation where an individual or community lacks financial resources and…

Q: K In the United States, O A. the income tax system has little or no impact on the distribution of…

A: The income tax system is of paramount importance in economics for several significant reasons. First…

Q: ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobs are…

A: When one demographic group is highly represented or underserved in distinct types of employment or…

Q: How can a program that subsidizes housing for low income families avoid creating a poverty trap? O…

A: Subsidy are the negative tax, that is, subsidy is the unilateral payment paid by the government…

Q: 12. Assume that the absolute poverty line is $120 in Pakistan. The total population of Pakistan is…

A: Head Count index is that proportion of the population that lives below the poverty line. here we…

Q: The area between the Lorenz curve of a country and the diagonal of perfect equality represents: ОА.…

A: In economics, Lorenz curve is an economic measure to graphically represent the inequality among…

Q: The current poverty level for a single household is $12,760 . For a house hold of four it's…

A: Medicaid is referred to the government program, which helps in paying up the medical cost for the…

Q: Of all the Americans who live in poverty, most are families. A. black; white B. Hispanic; white O c.…

A: Blacks and Hispanic have the highest poverty rate at 19.5% and Non- Hispanic whites have the lowest…

Q: Consider the following table that gives the monthly per capita consumption expenditure of 10…

A: Average income=Total incomenumber of monthsAverage…

Q: What are some of the causes of the poverty trap? O Over the years a person cannot breakeven. O…

A: Poverty Trap:- It is a vicious cycle of poverty in which people from one generation to next…

Q: Summarize what has happened to the incidence of poverty since 1960, and determine when and why the…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: For the United States in 2016, a Gini coefficient of 0.415 suggests that: OA. the United States has…

A: The Gini Coefficient is the measures of income inequality in the country.

Q: 19. Define income inequality. O Getting paid below minimum wage. Not getting a paycheck for months.…

A: Income inequality refers to the wide disparity in income levels present across different sections of…

Q: South Africa's top 10% of earners contribute almost half of all revenue, and the richest 10% of its…

A: Inequality in terms of income refers to the manner in which a population's income is allocated…

Q: If the Gini coefficient of a nation in 1980 was 0.50 and in 2020 it was 0.40, the nation's income…

A: Gini Coefficient Is used to measure the inequality. Gini coefficient ranges from 0 to 1 There is…

Q: Consider the following table that gives the monthly per capita consumption expenditure of 10…

A: A poverty gap is the aggregate measure of depth of poverty below the poverty line. It does not…

Q: The following tax week contributes most to higher social mobility: O VAT O Wealth tax O Inheritance…

A: Tax is the compulsory payment given by individuals , institutions etc to the government without…

Q: Most economists believe that only part of the gap between the wages of white males and the wages of…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: Of the four wage policies shown in the accompanying diagram, the one most likely to induce a worker…

A: The cost of leisure for a person is the wage rate. This is because if a person chooses leisure for…

Q: WHAT ARE SOME POLICIES THAT A GOVERNMENT CAN IMPLEMENT TO REDUCE INCOME INEQUALITY? SELECT ALL THAT…

A: Income inequality is how unevenly pay is circulated all through a populace. The less equivalent the…

Q: QUESTION 5 The problem with the Poverty Line shown in Mankiw, Fig 2, is that: OIt accounts mainly…

A: As per Mankiw, the measurement of income distribution and the rate of poverty is based on the money…

Q: What does the Canadian poverty rate measure? the number of people whose annual household income is…

A: The problem is to determine what the Canadian poverty rate measures

Question

Economic inequality arises from all of the following except
A. a shortage of high-skilled labor
B. inequality of human capital
O c. inequality of education attainment
OD. discrimination
O
11₁

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?
What goods and services would you include in an estimate of the basic necessities for a family of four?
Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers, but rise more for the high-income earners. Incomes fall for low-income and high-income workers, but fall more for high-income earners.
A group 0f 10 people have the following annual incomes: 24,000,18,000,50,000,100,000,12,000,36,000,80,000,10,000,24,000,16,000. Calculate the share of total income that each quintile receives from this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution?
Which set of policies is more likely to cause a tradeoff between economic output and equality: policies of redistribution policies aimed at the ladder of opportunity? Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.
Who is included in the top income quintile?
Will a free market tend to encourage or discourage discrimination? Explain briefly.
Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-come workers like file clerks and telephone receptionists.
Explain how a country may experience greater equality in the distribution of income, yet still experience high rates of poverty. Hint: Look at the Clear It Up 'How do governments measure poverty in low-income countries?' and compare to Table 15.5.
Redistribution of income occurs through the federal income tax and government antipoverty programs. Explain whether or not this level of redistribution is appropriate and whether more redistribution should occur.
What is the poverty line?
Table 15.9 shows the share of income going to each quintile of the income distribution for the United Kingdom in 1979 and 1991. Use this data to calculate what the points on a Lorenz curve would be, and sketch the Lorenz curve. How did inequality in the United Kingdom shift over this time period? How can you see the patterns in the quintiles in the Lorenz curves?