Suppose Ben runs a simple regression of a polarization index on an inequality index, and find that the coefficient is 0.5. What can he conclude? O a. If the government manages to reduce polarization, inequality index will drop. O b. If the government improves the problem of inequality, the society will be less polarized. O c. Polarization and inequality are positively correlated. O d. Inequality index explains 50% of the variation of the polarization index. Clear my choice

Suppose Ben runs a simple regression of a polarization index on an inequality index, and find that the coefficient is 0.5. What can he conclude? O a. If the government manages to reduce polarization, inequality index will drop. O b. If the government improves the problem of inequality, the society will be less polarized. O c. Polarization and inequality are positively correlated. O d. Inequality index explains 50% of the variation of the polarization index. Clear my choice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Notice that the before-tax equilibrium price was 25. Compared to the price, in the after-tax equilibrium, how much more would consumers need to pay to buy one X? This is the consumers’ tax incidence. Also, in the after-tax equilibrium, how much less would sellers receive from each X they sell? This is the sellers’ tax incidence. (note: this question asks changes in the prices from before-tax equilibrium price 25) Consumers’ tax incidence: Sellers’ tax incidence:
C= 250+ 0.8Y I= 150 G=300 TR= 100 NX=100 t= 0.25 Q) Find the equilibrium level of income Q) suppose, Beacuse of the current COVID 19 situation C falls to 50, MPS falls to. 05, I falls to 10 G falls to 100 and NX falls to 10.how much TR should the government increase to have the samd Level of equilibrium income as in part i)?
If an economy's income is completely equally distributed, then the value of its Gini coefficient is income is completely unequally distributed, then the value of its Gini coefficient is 0; infinity 0; 1 1;0 infinity ; 0 If an economy's Suppose the Gini coefficient in Canada is 0.05, and the Gini coefficient in the United States is 0.42. Which country's income distribution is more evenly distributed? Canada Canada and the United States have the same income distribution. the United States More information is needed to answer this question.
QUESTION 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
Critics of command-and-control policy often argue that regulationsare costly to business and industry, yet cost-benefitanalyses (p. 94) repeatedly show that regulations bring citizensmore benefits than costs, overall. Each year the U.S. Officeof Management and Budget assesses costs and benefits ofmajor federal regulations of administrative agencies. Resultsfrom the most recent report, covering the decade from 2003to 2013, are presented in the table (shown are averages fromranges of estimates). Subtract costs from benefits, and enterthese values for each agency in the third column. Divide benefitsby costs, and enter these values in the fourth column. For how many of the agencies shown do regulations exertmore costs than benefits? For how many do regulationsprovide more benefits than costs?
Tax incidence is O A. the potential division of the burden of a tax between buyers and government in a market. O B. the potential division of the burden of a tax between buyers and sellers in a market. O C. the actual division of the burden of a tax between buyers and sellers in a market. O D. the actual division of the burden of a tax between buyers and government in a market.
When Ann's income increased from $100,000 to $120,000, her income tax payment increased from $22,000 to $30,000. Ann's average tax rate is and her marginal tax rate is A. 25 percent; 25 percent B. 40 percent; 25 percent C. 40 percent; 40 percent D. 25 percent; 40 percent
Suppose that a country has 20 million households. Ten million are poor households that each have labor market earnings of $20,000 per year and 10 million are rich households that each have labor market earnings of $80,000 per year. If the government enacted a marginal tax of 10 percent on all labor market earnings above $20,000 and transferred this money to households earning $20,000 or less, would the incomes of the poor rise by $8,000 per year? O A. No. Workers in rich and poor households would work less because of the marginal tax. O B. Yes. 10% of $80,000 is $8,000; therefore, $8,000 from each rich household would be transferred to each poor household. O C. There is not enough information to determine household behavior in this case. O D. No. Only workers in rich households would work less because of the marginal tax.
If the government wants to increase the tax revenue they collect from sellers, then it should O Tax goods that have low elasticity of demand and high elasticity of supply. O Tax goods that have high elasticity of demand and supply. Tax goods that have high elasticity of demand and low elasticity of supply. O Tax goods that have low elasticity of demand and supply.
Why do you suppose that economists commonly refer to the Why do you suppose that economists commonly refer to the elimination of all disability payments from people able to work part-time as a “tax” imposed on a disabled individual who is willing and able to earn part-time wage income? Why do you suppose that economists commonly refer to the
1) Suppose that the Shapiro administration is considering two possible policies meant to discourage production (and related air pollution) of steel in Pittsburgh, where the market for a metric ton of steel produced in Pittsburgh is characterized by the following equations for demand and supply: 1200 p la Qs 2p Use this information and a graphical analysis to answer the following. = a) What welfare effects would result from the Shapiro administration instituting a $180 per unit tax that sellers are required to pay to PA? Be sure to calculate the after-tax prices and quantity. Use a well labeled graph to clearly illustrate the welfare effects and tax revenue (no need to calculate numerical welfare values for this problem). b) Find what the welfare effects would be if instead a tax the Shapiro administration set a quota of 680 units for the market. (Hint: A quota allows the combined firms to supply any amount up to, but not exceeding, 680 units total. Moreover, there are no restrictions…
Suppose that your state raises its sales tax from5 percent to 6 percent The state revenue commissionerlo~asts a 20 percent increase in sales tax revenue.Is this plausible? Explain.