One family has annual income of $90,000, while another family has an annual income of only $25,000. Under what circumstances would this outcome be considered unfair in terms of the process view of fairness? O The family with the high income has two full-time income earners, whereas the family with the lower income has only one part-time income earner.. O In the family with the high income, both spouses work, whereas the family with the lower income relies on Social Security payments. O The family with the higher income is headed by a person with a doctorate degree, but the family with the lower income is headed by a person who dropped out of college

One family has annual income of $90,000, while another family has an annual income of only $25,000. Under what circumstances would this outcome be considered unfair in terms of the process view of fairness? O The family with the high income has two full-time income earners, whereas the family with the lower income has only one part-time income earner.. O In the family with the high income, both spouses work, whereas the family with the lower income relies on Social Security payments. O The family with the higher income is headed by a person with a doctorate degree, but the family with the lower income is headed by a person who dropped out of college

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 12SCQ: Which set of policies is more likely to cause a tradeoff between economic output and equality:...

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14.ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobsare held by women and 90% of the highest-paying management and executive level jobs inManufatacturing are held by men, then, with respect to the manufacturing sector, it can be said that: multiple choiceO.a. there is no horizontal occupational segregation but there is vertical occupational segregation. O.b. there is both horizontal and vertical occupational segregation.O.c. there is no sex-based discrimination in entry-level By solving it for 'r' through hit and trial method, the required interest rate can be found.positions but there is sex-based discriminationin management level positions.O.d. there is no sex-based discrimination in management positions but there is sex-baseddiscrimination in executive level positions.
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Refer to the figure at right. Perfect income equality is shown by OA. curve D. OB. the horizontal axis. OC. the vertical axis. O D. curve A. -C Cumulative Percentage of Money Income 100- 80- 60- 40- 20- 0- 0 A 40 B C D 20 60 80 Cumulative Percentage of Households 100
The government announces programs designed to reduce the share of income going to the top quintile from 60% to 20%. You predict that the most likely result is that: O mean household income will fall, because the highest income earners will earn less and work less. median household income will rise, because some of the 40% of redistributed income will be transferred to the third quintile. after redistribution, each quintile will receive 20% of total wealth. O the lowest quintile will receive the 40% taken from the top quintile and switch places.