Q: What is the extent of economic inequality in America?
A: Inequality refers to the unequal or uneven distribution of income from person to person. This…
Q: How would Equity help black businesses?
A: The phrase "in the black" refers to a company's profitability and current financial well-being. A…
Q: List the causes of structural poverty?
A: Poverty is about not having enough money to meet individuals' basic needs, including food, shelter,…
Q: Which of the following statements about race and inequality is correct? Group of answer choices The…
A: Introduction: According to the United States Census Bureau, non-Hispanic whites or Non-Latino whites…
Q: Are poverty rates rising or decreasing in the US? How has the gap between the rich and poor…
A: Because of the pandemic's economic impact and skyrocketing unemployment, poverty in the United…
Q: Why inequality still exist?
A: Inequality refers to the state or situation of not being equal in various aspects such as rights,…
Q: For the last ten years, how the Philippine government is executing policies to reduce poverty and…
A: As per official government data, the Philippines' poverty rate fell from 23.3 percent in 2015 to…
Q: Assume that the country has following data: Individual 2: Income Php 400,000; Individual 4: Income…
A: Lorenz Curve Lorenz Curve is a curve which is used to understand the distribution of wealth in a…
Q: How to redistribute income to reduce poverty, without causing loss of economic incentives.
A: Answer: Redistribution of income to reduce poverty can be achieved through the following ways:…
Q: Explain the Lorenz Curve.
A: A Lorenz curve may be a graphical representation of income inequality or wealth inequality developed…
Q: How would a utilitarian, a liberal, and a libertarian determine how much income inequality is…
A: Inequality is how income and other factors are distributed unevenly through a society. The lower the…
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: Social inequality has material and ideological roots. Explain and provide an examples
A: Social inequality - When there is an unequal distribution of wealth resources or opportunities…
Q: When was (is) someone more likely to be born into poverty? Today or in the past?
A: Poverty is a social-evil that forces the economy to stay inside the realm of poverty making it…
Q: What are effects of poverty?
A: Poverty is a situation where an individual or community lacks financial resources and necessities.…
Q: Poverty is a result of a mix of causes. What are they?
A: Poverty is defined as 'the lack of basic requirements of a household to have a good standard of…
Q: Is work on the part of welfare recipients a reasonable expectation? Does government have any…
A: Government help recommends a degree of government programs that give cash related or another manual…
Q: Why we need to investigate the relationship between migration and income inequality? Explain.
A: There are several types of economic inequality, the most common of which are income disparity…
Q: Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and…
A: TRAIN LAW or the Tax Reform for Acceleration and Inclusion Law is a enforced in Phillippines in…
Q: What percentage of families in the United States is classified as poor? Which demographic groups…
A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…
Q: Job training and retraining have long been part of poverty-fighting programs. But do they work?
A: Job training is learning by gaining hands-n experience and getting to learn a new skill. It trains…
Q: How are Labor Markets Affected by Discrimination? What is meant by a Poverty Trap?
A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…
Q: Differentiate equality from equity
A: The dictionary meaning of equality is the state of being equal especially with regard to status,…
Q: Explain the trade-off between equity and efficiency in poverty-reduction policy.
A: Equity refers to the concept wherein the citizens of the country are included. It allows the…
Q: Some people feel that income distribution (equality) should be achieved. Do you agree or disagree…
A: The inequality in the distribution of income over the population is referred as income inequality.…
Q: Can we really end poverty? Explain.
A: Meaning of Poverty or Scarcity: The term scarcity or poverty refers to the situation under which…
Q: Explain why a capitalist economic system tends to bring about a highly unequal distribution of…
A: Economy is a system where people earn their livelihood. And ithere are 3 types economy .
Q: Is progress being made in fight against poverty ? What types of poverty polices are proved to be…
A: Poverty can be classified into absolute and relative poverty. Policies that are intended to promote…
Q: According to Andrew Carnegie, in his essay "Wealth", where does inequality of wealth come from, is…
A: Inequality of wealth is one of the most important aspect for which the government must intervene the…
Q: Describe how a push for economic equality might reduce incentives to work and produce output. Then…
A: Equality is the concept of fairness which is primarily maintained by the government by taxing some…
Q: Is progress being made in the fight against poverty? Why or why not?
A: Poverty is a situation or condition in which a person or a group lacks the financial means and…
Q: Using the concept of opportunity cost, explain why discrimination against any population group is…
A: Discrimination against any population group is economically inefficient because it prevents the…
Q: How does poverty relate to discrimination and inequality? Explain
A: The World Bank defines poverty as a "pronounced inequality of well-being" (Haughton and Khandker,…
Q: Why do national and global scale events such as the Great Recession have different effects in…
A: Great Recession was observed in national economies globally. The timing and scale of recession…
Q: Explain the impact of education on poverty.
A: Poverty Poverty refers to that state or condition where a person or community is unable to fulfill…
Q: How does education affect income inequality?
A: In economics, income inequality is defined as a significant disparity in the distribution of income…
Q: The cards were obviously stacked against J.D. Vance, however, he was able to achieve upward…
A: J.D. Vance is known to have overcome poverty from a place where the entire community was thrust into…
Q: What are the two main attitudes that surround explanations for the causes of poverty in the US (name…
A: Poverty: It refers to a situation under which people of the economy are unable to fulfill their…
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- How should social and economic inequalities be governed?Why do most modern societies try to reduce poverty? What is the most effective way to reduce poverty in your community in the long term?Describe how a push for economic equality might reduce incentives to work and produce output. Then describe how a push for economic inequality might not have such effects.