Which of the following statements is true?   1. Discrimination against women and blacks reduces the demand for these workers resulting in lower wages paid these workers.   2. Discrimination is no longer a problem in the United States.   3. A negative income tax system is a plan where everyone pays the same percentage of their income as taxes.   4. A negative income tax system is a plan where those below a certain income receive a cash payment from government.

Q: There are two economies. Economy A has 10 people: there are four people that make 10 dollars a day,…

A: Lorenz curve refers to the graphical representation of cumulative income with a cumulative share of…

Q: There are three agents, a, b, and c. Person a receives $500 in income, b receives $400, and c gets…

A: Lorenz curve: It refers to the curve under which income inequality can be shown. The graph shows the…

Q: Use quintiles to briefly summarize the degree of income inequality in the United States. How and to…

A: In 2016, the lowest quintiles’ average market income in the United States was $15,600 and for the…

Q: The U.S. poverty rate for African Americans is substantially higher than that for Asians. True or…

A: Poverty refers to the situation of not having enough income of material possession to have a minimum…

Q: 10) What does a Lorenz curve show? Show a Lorenz curve for a country like the USA where there is a…

A: The Lorenz curve shows how revenue (or wealth) is distributed in an economy. In 1905, Max O. Lorenz…

Q: The median earnings for a 25 to 34 year old, full-time, year round worker with a high school…

A: Earning of individuals from 25-34 years old:-Those with high school education=$31,830Those with…

Q: Which TWO of the following are most likely to be associated with an increase in the incidence of…

A: In an economy, when there is an increase in poverty, it implies higher inequality in income…

Q: 1. What factors contribute to the differences in median income for various ethnic groups?

A: When analyzing the economic condition of country, it can be seen that the median income of ethnic…

Q: When the Lorenz curve lies above thediagonal,a. the poorest 20 percent of the populationreceive more…

A: Lorenz curve is the curve which shows inequality in the economy, it could be income inequality or…

Q: Percent of Income 100 + 80- 60- 40+ 20- DQ an Octoa. O a to d. Od to a. Ob toe. 2 36 40 60 Percent…

A: The Lorenz curve is a graphical representation of the distribution of income or of wealth.

Q: Which among the following is not a measure of income inequality? Select one: a. All the answers are…

A: Income is explained as household disposable income in a specific year. It comprises earnings,…

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: The table shows after-tax income shares in Canada in 1986 and 2015. After-tax income After-tax…

A: Income inequality refers to the situation where income throughout a state or country is distributed…

Q: Explain the reasons for rising income inequality in the United States. If there are arguments…

A: The term income inequality indicates the extent to which income is ununiformly distributed…

Q: FUTA is a federal tax that is paid by employers for each employee to provide _____ compensation to…

A: FUTA refers to the Federal Unemployment Tax Act. It is used to fund the benefits that are provided…

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: 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: How can you use this document to argue that the US should reduce economic inequality?

A: Economic inequality means that there is unequal distribution of wealth/income and opportunity among…

Q: The U.S. poverty rate for African Americans is substantially higher than that for Asians. True or…

A: Poverty:- Poverty can be defined as a state when, the income of the person is not enough to fulfill…

Q: Using diagrams, discuss the following aspects of income inequality.   Draw two different Lorenz…

A: Income Inequality is a major problem in any country. People in a developing countries faces more…

Q: 1. In the graph, how much of the US population is represented by each person? What does the stack on…

A: This graph is a representation of the actual distribution of wealth in US. This graph divides the…

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: Which of the following would be a significant cause of income inequality in the United States?

A: To find : Cause of income inequality.

Q: "How can the US government use taxation to encourage income equality?"

A: An income equality refers to an uneven distribution of the income throughout a population, groups,…

Q: You are working for a politician who worries that a new tax will cause more inequality. She shows…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: In a column in the Washington Post, Robert J. Samuelson wrote: "As for what's caused greater…

A: In the society there exists inequality in earning capacity of people. This is why the government…

Q: Which of these is true about the Lorenz curve? a. allows us to rank all countries by the degree of…

A: In economics, there are different concepts used to explain or show the nature of economic variables,…

Q: Explain how income inequality in the United States is measured and described.

A: Income inequality refer to the gap or difference in the reference of income paid to in individual by…

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: what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian,…

A: Classical economics believe in full employment, and that any divergence from full employment…

Q: A group of 10 people have the following annual incomes: $24, 000, $18, 000, $50, 000, $100, 000,…

A: Solution: Writing the given incomes in increasing order. First quintile 10000 12000 Second…

Q: There are three agents, a, b, and c. Person a receives $500 in income, b receives $400, and c gets…

A: Gini coefficient: It refer to the curve under which the actual difference can be measured to know…

Q: 1. Describe how each of these changes is likely to affect poverty and inequality: ​​​​​​​​​       a.…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: The degree of inequality in the distribution of income in an economy is depicted in aln O Lorenz…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: Which of the following is not a true statement about the Lorenz curve?   A.   The Lorenz curve…

A: Lorenz Curve:Lorenz Curve is the graphical illustration of the income distribution in an economy…

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: equality Ind the povert The following table summarizes the income distribution for the town of…

A: Income inequality refers to the uneven distribution of income in the economy. The less equal the…

Q: Question 10

A: Government of U.S. performs various functions. It provides legal framework and protects the property…

Q: xplain when the policy of raising income tax rates is a solution to the problem of poverty

A: Income tax: Income tax is a type of tax that is levied on the income of individuals and businesses.…

Q: How do government statisticians determine the poverty rate? How could the poverty rate fall while…

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

Q: Explain how a Lorenz curve is used to describe income inequality.

A: A Lorenz curve could be a graphical representation of income inequality or wealth inequality. The…

Q: Question 8

A: There is always an inequality between the income levels in the economy. The rich people tend to get…