Assume for the moment that schools cannot provide edu-cational equality. Analyze the consequences of the persis-tence of educational inequality within the context of the functions of education discussed in the text.
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Assume for the moment that schools cannot provide edu-
cational equality. Analyze the consequences of the persis-
tence of educational inequality within the context of the
functions of education discussed in the text.
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- A tariff on an imported good lowers the price in the domestic market and raises the price the domestic producer receives. True False Quotas, unlike tariffs, do not make imported goods more expensive. OTrue False Welfare economics is the study of how the allocation of resources affects economic well-being. OTrue False A consumer's willingness to pay for a good is defined by the slope of the supply curve. True OFalse Equality is the distribution of economic prosperity to only the richest members of society. True False o 11ah-97-3-c318e45d32f9.png?x-oss-process=imaWhich of the following is NOT a common criticism of the focus on economic efficiency as a measure of welfare? Economic efficiency is based only on results and not on process. O The assumption that willingness to pay measures marginal benefit ignores ability to pay. OA situation can be economically efficient but also considered to be unfair. OUsing monetary values for measurements ignores feelings and perceptions.Lawyers for the Brown family used the doll experiments to show that O white children would welcome African American classmates. O African American children had equivalent IQs to white children. O separate but equal policies had no harm on children of either race. segregation had no psychological impact on African American children. O racial segregation had a negative impact on African American children's self-image.
- The National School Lunch Program (NSLP) is a federally assisted meal program that provides nutritionally balanced, low-cost or free lunches to children each school day. Which of the following is/are suitable measures of equity in the NSLP program? Distribution of NSLP benefits by income group. O Percentage of NSLP benefits received by the poorest quintile. O Distribution of NSLP among Caucasian, Latino, and African American school-aged children. O NSLP meal subsidy per income group. O All of the above.Explain why child labour could actually be pareto-optimal.Consider the optimizing behavior of people from Chapter 6. Why is early childhood intervention so effective at reducing poverty? The article addresses this in the chapter that starts with "Studies of the dynamics of human skill formation..." Chapter 6 Production, Cost, and Market Models Survey of Economics v2.0 Libby Rittenberg and Timothy Tregarthen
- a. Draw the wage-schooling locus for someone for whom the returns to schooling decrease through college but increase after college. (Assume college is completed after 16 years of schooling and that one can receive at most 6 years of postcollege schooling.) b. On a new graph, plot the marginal rate of return to schooling implied by the wage-schooling locus described in part a. c. What can be said about a college graduate who faces the wage-schooling locus described in part a?Which set of policies is more likely to cause a tradeoff between economic output and equality: policies of redistribution or policies aimed at the ladder of opportunity? Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.Is there an economic basis for the hostility towardunauthorized immigrants?
- Which of the following are examples of predistribution policy? i. compulsory early childhood education ii, income tax iii. financial support for low-income households iv. legislation that aims to eliminate discrimination based on gender, ethnicity/race and sexual orientation O a. i, ii and iv O b. ii, ii and iv O c. i and ii O d. ii and iii O e. i and iv1. Suppose that the wage distribution for Riverside is given below: Sector Number of Workers Wage $10 (per hour) $5 А 40 B 30 C 30 $5 a. Compute the level of wage inequality for the town using the 90th / 10th percentile ratio and the 90th / 50th and 50th /10th ratios. (Yes, the computation is simple. Don't over-think it.) b. Assume a minimum wage law is passed that doesn't affect the market in the high- wage sector A but boosts wages to $7/hour in sector B, the covered sector, while reducing employment to 20 in that sector. Displaced workers in sector B move into the uncovered sector, C, where wages fall to $4.50 per hour as employment grows to 40. Has wage inequality risen or fallen? Does your answer change depending on the measure of wage inequality you use?Suppose there are two possible income distributionsin a society of ten people. In the first distribution,nine people have incomes of $60,000 and one personhas an income of $20,000. In the second distribution,all ten people have incomes of $50,000.a. If the society had the first income distribution,what would be the utilitarian argument forredistributing income?b. Which income distribution would Rawls considermore equitable? Explain.c. Which income distribution would Nozick considermore equitable? Explain.