Are there any elements of our voting and elections processes that promote inequality? What are they? Provide examples from current events. There are any examples right now
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1. Are there any elements of our voting and elections processes that promote inequality? What are they? Provide examples from current events. There are any examples right now
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- 1. How does the population of a low-income country such as Ethiopia differ from that of a high-income nation such as the United States in terms of poverty? Do you think the people living in high-income nations have a responsibility to address poverty in the rest of the world ? If so, why? If not, why not?There are two economies. Economy A has 10 people: there are four people that make 10 dollars a day, and two that make each 20, 60 and 100 dollars a day. Economy B has 10 people: four that make 1 a day and two each that make 3, 5 and 10 dollars a day. A. For each economy draw a Lorenz Curve. B. For each economy calculate the 90/10 ratio. C. For each economy calculate the Gini Coefficent. D. Which economy is more unequal?1. Describe how each of these changes is likely to affect poverty and inequality: a. Incomes rise for low-income and high-income workers, but rise more for the high-income earners b. Incomes fall for low-income and high-income workers, but fall more for high-income earners. 2. Based on the theory of rational ignorance, what should we expect to happen to voter turnout as the Internet makes information easier to obtain? 3. What is the cost of voting in an election? 4. What is the main factor preventing a large community from influencing policy in the same way as a special interest group? 5. How does the TANF attempt to loosen the poverty trap?
- what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian, institutionalism, chicago, behavioural, feminist, buddhist, ecological and evolutionary economics think about income inequality and what there proposed solutions?18. In most cases, reducing inequality helps society as a whole (at the expense of paying certain costs). Explain why this is why it is better for society if we have less inequality of income and/or wealth.3. Why is income and wealth inequality a threat to the future of democracy and economies around the world? What are the main factors that have caused inequality to increase over the last few decades? What policies would you suggest to reduce inequality?
- Are poverty rates rising or decreasing in the US? How has the gap between the rich and poor increased? references?4. a. Draw, on the same graph, a Lorenz curve representing Perfect income equality Perfect income inequality i. ii. ii. A typical rich country with a lot of redistribution A typical middle-income country with little redistribution b. Consider a country that makes its social support programs (like “food stamps", insurance, or programs that provide goods like housing or health care to the poor) more generous, while taxing the rich more in order to fund the programs. How will that economy's Lorenz curve change? c. Suppose a country becomes richer, such that over 10 years, every person's income exactly doubles. What happens to that economy's Lorenz curve? iv. unemploymentWhat are some historical events of inequality that have led to advances in social justice and human rights? How can we take actionon social justice issues today
- Inequality, Social Insurance, and Redistribution-End of Chapter Problem Suppose one of your friends says that they pay taxes for no reason because the governmènt just hands cash out to people who do not truly deserve or need it. Your friend then says, "the system would be more productive if they made sure peopl who receive help are the ones who need it." Consider the tools that the government uses to help ensure aid goes to those in need, a. The social safety net programs fall into one of two categories: wealth or income. progressive or regressive. means-based or social insurance. relative or absolute. b. For aid qualification, people receiving aid must meet low income requirements, while aid is designed to insure everyone against bad outcomes. c. Another tool of the U.S. government is to provide transfers, such as SNAP benefits, instead of cash.Make sure and use the concepts and terms IN ECONOMIC EFFICIENCY, GOVERNMENTS AND INEQUALITY. 1. Explain how some economists argue that governments can improve efficiency. 2. Are the ways governments can improve efficiency equally controversial? Please explain. 3. How might an economist explain the idea that making things more equal helps everyone?How Should the US Reduce Economic Inequality? The rich are getting richer. And the super rich are getting super richer. We know some of the names: Warren Buffett, Bill Gates, Mark Zuckerburg, the Walton family (of Wal-Mart). This billionaire club is growing fast. In 2007, there were 946 billionaires in the world. By 2016, that number doubled to 1,810. Of these, 540 were Americans. A 2015 OxFam report warned that the combined wealth of the world's the widening gap is benefitting the top 1 percent. The top 0.1 percent is doing even better. As just one example, CEOS have seen the real value of their salaries increase more than 1,000 percent since the 1950s. Meanwhile, the average worker has seen the real value of his or her income decrease over the last three decades. EV richest 1 percent would soon surpass the com- bined wealth of the other 99 percent of people on the planet. Wealth inequality is an increasingly serious problem in the United States, a nation known as the land of opportu-…