Which of the following is most likely to make a country’s income distribution more equal? a. Establishing a national sales tax on food and clothing b. Establishing a progressive income tax system c. Eliminating excise taxes on luxury goods d. Proportionally decreasing the tax rate for all income groups e. Reducing the subsidy to education

Q: How does a sales tax work? A. A tax is levied on the value of real property or land. B. A tax is…

A: Taxes are mandatory contributions levied by a government entity, whether local, regional, or…

Q: Can you propose a different poverty measure that will be able to reflect the regressive transfer?

A: Regressive transfer means tranferring income from not richer individual to not porrer individual.

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Q: Most people in the United States living below the poverty line are _____________. Group of answer…

A: Answer: Poverty line: poverty line refers to the minimum level of income at which if any person…

Q: Most of the government's mandatory spending is used on which of the following?

A: Most of the government's mandatory spending is used on social security schemes. Social Security…

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Q: FRONT PAGE State Lotteries: A Tax on the Uneducated and the Poor Americans now spend over $85…

A: Regressive Tax: A regressive tax is a tax system where the tax rate decreases as the income or…

Q: The tax system is used to reduce income inequality through the use of taxes. Select one: a.…

A: Tax is the amount that is charged by the government from an individual or an organization on their…

Q: What was Finland's Universal Basic Income Experiment?

A: Universal Basic Income Universal Basic Income (UBI) is a social security program run by the…

Q: Which statements are TRUE?    1. Factor substitution measures the degree of substitutability…

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Q: The second 20 percent of households receives benefits percent of total market income. equal to…

A: Regressive tax system is a system in which a person pays a fixed amount of tax regardless of income.…

Q: Match the scenario/description provided to the the type of poverty OR human development issue to…

A: Relative poverty is defined as a situation in which people do not have the bare minimum of income…

Q: 21. Government policies to reduce inequality and poverty include all of the following except a)…

A: Governments aim for economic development by promoting equity and reducing inequality and poverty…

Q: argumantive speech about: Are we doing enough to end poverty?

A: Poverty is situation or state of a person or who do not have enough money to fulfill his basic needs…

Q: Explain the role of government in reducing poverty. Use the example of how social security and…

A: The government would result in the economic agent which would be responsible for the increase in the…

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: Explain the data with figure of income inequality in global economic issue. b. Explain the facts…

A: The state of an economy or society in which income is distributed fairly among its members is…

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: True or False: "A progressive tax system imposes higher tax rates on higher income earners." Don't…

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Q: Absolute poverty may differ from country to country by    a. income brackets b. health metrics c.…

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Q: What are the main reasons economists give for the increase in inequality of incomes?

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Q: Define Poverty. What Strategy has been adopted by the Present Government to Reduce Poverty in…

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Q: Impact of higher taxes on labor income from now to next 5 years.

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Q: Which of the following statements is true?   1. Discrimination against women and blacks reduces the…

A: The objective of the question is to identify the correct statement among the given options.

Q: What effect does implementing a progressive tax system have on income inequality in a country? A. It…

A: A progressive tax system is one in which the tax rate increases as the taxable amount increases. It…

Q: A society with progressive income taxes will likely have a very unequal after-tax distribution of…

A: Explanation: A free-market economy produces AN unequal distribution of financial gain. Since the…

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

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Q: The poverty line for one person in Sichuan is about 6000 RMB. If you use the square root equivalence…

A: The people in an economy are divided into above poverty line and below poverty line based on the…

Q: How will The Tax Reform for Acceleration and Inclusion will lessen the worsen poverty and income…

A: The Tax Reform for Acceleration and Inclusion is a law regarding the taxation system in the…

Q: 1.

A: The income one receives from their employment is the earned income. It includes wages, salaries, and…

Q: The total income generated from all activities b. The degree of inequality in the distribution of…

A: Lorenze curve is the graph that showing percentage of country's income that is earn by a given…

Q: Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and…

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A: The poverty means lacking in basic facilities such as food, shelter, cloth, etc.  The poverty…

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A: Earned Income Tax Credit (EITC) is a tax credit policy program that is intended to benefit low- to…

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A: Per capita income is defined as the measure of amount of money which is earned by individuals. It's…

Q: Policy Perspectives Refer to the table to answer one question. Income Transfers: The market…

A: a) Under Medicare program the value of transfer is $620 billion or 620,000 million. The average…