Q: Question 8 Match the explanation of poverty and inequality with its example. Endowments V [Choose ]…
A: Economies of scale means production at large quantities which lead to decline in per unit cost of…
Q: This question has to do with the minimum wage serving as an anti-poverty program. a. What…
A: Means-tested government benefits refer to programs that provide financial assistance or other types…
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: ) Suppose that ing a society there are lonly two people, Costas and George, white which share a…
A: Information given: Total income: 500 Ik + Ir =500 Costa's Utility Function Uk= 50Ik1/2 George's…
Q: An example of income earned but not received is O a. welfare payments. O b. consumption.…
A: An example of income earned but not received is "c. undistributed profits."Undistributed profits are…
Q: In the United States in 2017 the median household income was $59,039. This means that:
A: Median income divide the population in to two parts.
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: A. Carver Debbie A Ocor Bery Carver Deb Eame $90,000 $2.000 Who has the median income in this group?…
A: The Median can be defined as the statistical measure that represents the value in a set of data when…
Q: As income transfer programs accompanying the War on Poverty increased beginning in the latter half…
A: Income move programs point towards reallocation and moving of abundance and income through the…
Q: In the United States, inequality in wealth is inequality in income. O less than O exactly the same…
A: As per the data, the top 20% owns the 86% of wealth in the US. Hence, there is inequality in wealth.
Q: Saved Suppose that we have a country with a population of 60 million, where 3 million are below the…
A: The poverty rate is calculated through the ratio as defined as "a number of people" (aimed at the…
Q: 1. If 80% of households earn 55% of the income, what percent of income does the richest quintile…
A: Lorenz curve is the graphical representation that shows the income inequality. The horizontal axis…
Q: 1. A government economist, Mollie Orshanky, first calculated this in 1963 by multiplying the cost of…
A: Correct answer is d. poverty line Poverty line is a minimum earning threshold below which a person…
Q: If the United States is to reduce poverty by using a negative income tax, the guaranteed income…
A: We will use concepts such as negative income tax and tax credit to answer this question.
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: 14. True or False? Ohio has expanded Medicaid eligibility so that adult Ohio residents, ages 19-64…
A: Health care economics includes the values, financial effectiveness, and efficiency of the industry.…
Q: O Level of income above which a person loses all welfare benef
A: The breakeven level of income is income where there is no savings. That means Income= Consumption…
Q: If the government of a country determines a very low minimum wage it will lead to O a. More number…
A: The lowest wage rate that the employer can legally pay their employees is the known as minimum wage.
Q: the government sets the poverty line at an annual income of $8,000. The percentage of people with…
A: Income inequality is an economic concept which explains the unequal distribution of income among the…
Q: The following table summarizes the income distribution for the town of Perkopia, which has a…
A: The objective of the question is to understand the income distribution in Perkopia in 2016,…
Q: Refer to the figure at right. Perfect income equality is shown by OA. curve D. OB. the horizontal…
A: Lorenz curve graphically represents the distribution of income or wealth. The Lorenz curve will be…
Q: Brining the income of those living on less than $1.25/day up to the minimal poverty line would…
A: Promoting societal fairness and addressing economic imbalances, income redistribution plays a vital…
Q: Which U.S. government agency developed the quantitive methodology to determine the minimum level of…
A: A minimum standard of living refers to the ability of an individual to acquire food, clothing and…
Q: Education is related to income, in general. O True O False
A: Education is referred to as the process of gaining knowledge through either an organisation or by…
Q: 5 Which philosopher's ideas would promote policies that favor the greatest use of income…
A: The transfer of income and wealth (including physical property) from one person to another by a…
Q: 00 96 5 Which of these is NOT a traditional cause of poverty? O technological change and…
A: Poverty refers to the inability of an individual or a family to secure basic needs.
Q: Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b.…
A: The capitalist system is the economic system where trade, industry, investment, and production of a…
Q: Which would be evidence of an increase in income inequality over time in the United States? O a…
A: The quintiles are a way of dividing the population into five equal groups based on income. The…
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: Workers in the private sector are far more likely to have a defined benefit plan than workers in the…
A: The defined benefit plan is the defined plan of retirement benefits that are provided by the…
Q: According to research published by the US Census Bureau, Select the correct answer below: there is a…
A: US bureau is a federal organisation which produces data about the US people and economy
Q: Consider the following table that gives the monthly per capita consumption expenditure of 10…
A: Average income=Total incomenumber of monthsAverage…
Q: 1. How much of the total US wealth is owned by (a) the richest 1 percent? (b) the poorest 40…
A: Income and wealth inequality refers to the inequality between various individuals. The article…
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: The Baby Boom generation began retiring in 2011. This should not change the income distribution of…
A: Baby boomer is a term used to portray an individual who was brought into the world somewhere in the…
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: ASTRS The graph shows the Lorenz curve for income in the graph, the second poorest 20 percent of…
A: In this case, we have to discuss the Lorenz curve for income. The Lorenz curve actually determines…
Q: what are some of the dimensions of economic inequality and what is considered income?
A: Economic inequality is the distribution of economic resources with unequal manner to the country’s…
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: Over the last half century, there has been a significant change in the number of current workers per…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: is a poor person more.likely to.benefit frome.$100 a.month worth of food stamps (that can.be use…
A: A trade-off is a fundamental concept in economics and decision-making that refers to the idea that,…
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: Indigenous people are ranked among the lowest income groups in Canada. O True O False
A: Indigenous economies relate to indigenous peoples' traditional and local economic systems.These…
Q: What is poverty and what are three of its harmful environmental and health effects? About…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
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…
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The following tax week contributes most to higher social mobility: O VAT O Wealth tax O Inheritance tax O Income taxHow has assortative mating contributed to growing inequality? Taxes redistribute income from the poor to the rich O People marry someone similar to them, creating some households with many resources and others with few O Groups with political clout convince the government to implement exclusive institutions O New technologies like the internet create opportunities for the people with skills to use themQUESTION 19 Which of these is NOT a component of the 2016 Social Security reform proposal by Democratic lawmakers? O a. an increase in minimum benefits to 25% above the poverty line b. an increase in benefits by 2% for all recipients O c. a more generous cost-of-living adjustment O d. lower payroll taxes
- O A. II, Guaranteed Basic Income OB. IV, Wage Subsidy OC. II, Guaranteed Basic Income O D. II, Earned Income Tax Credit2. Assume that in the state of Kentucky, Bill is guaranteed S400 of welfare benefits if he does not work at all. They are allowed a disregard of $100 and face a tax rate of 50%. He has a nonlabor income equal to zero and if the works he can carn a wage of $10 per hour. His total time is 200 hours a woek. a. How many hours of leisure is Bill consuming at his break even point? b. Graph the budget constraint, labeling the break even point and other breaks in the curve as well as slopes of each line. Draw Bill's indifference curves such that he chooses to work 5 hours a month.SLO-4.1. The amount of money people have to spend after buying necessities such as food, clothing and housing is Osavings Odiscretionary income Onet income Ogross income
- WHAT ARE SOME POLICIES THAT A GOVERNMENT CAN IMPLEMENT TO REDUCE INCOME INEQUALITY? SELECT ALL THAT APPLY A. Increase spending in education. B. Lower tax for the top quintile. C. Stregnthen anti-discrimination laws based on race, gender, sexual orientation, marital status, religion, and disability status. D. Increase access to affordable healthcare to all. E. Encourage corporate stock ownership.Question 15 Which of the below statements is INCORRECT with regard to poverty in the U.S.? The poverty threshold was created my Mollie Orshansky of the Social Security Administration, in the 1960s. The "poverty threshold," "poverty guidelines" and "poverty line" are identical numbers and are all used for exactly the same purpose. For the year 2021, a single individual making less than $12,880 in any of the 48 contiguous states, falls below the poverty line. For the year 2021, a four person family making less that $29,200 a year in any of the 48 contiguous states, falls below the poverty line.The following question has 4 parts (a.-d.), parts b. to d. will be revealed after submitting your answer by hitting "Verify" on the preceding sections. Suppose an economy is composed of 10 individuals. The following table shows their annual income in thousands of dollars. Individual Individual 1 Individual 2 Individual 3 Individual 4 Individual 5 Individual 6 Individual 7 Individual 8 Individual 9 Individual 10 Income 46 80 96 33 74 54 48 28 83 10
- The functional distribution of income shows the distribution of income among and the personal distribution of income shows the distribution of income among O A. firms; households according to age O B. fims and households; individuals O C. factors of production; job type O D. factors of production;, households O E. different types of workers; households according to locationAccording to a US Census Bureau survey in 2014 Muple Choice O ● O 25.03 63 55 55.35 percent of unauthorized immigrant households used at least one form of welfare, as compared to percent of a migrant households households with a cYou have learned that poverty is an concern which the government has programs to address. An example of this might be a program which will pay a person the same wage they would receive from a full time job. A situation like this would be an example of Select the correct answer below: How the poverty line is affected. How a guaranteed income program discourages work. O How different groups are affected by poverty. How people can get stuck in a poverty trap
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)