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- What is a good example of the effect of human capital on income? O A Workers who learn to make high demand products are well-paid O B. Only job applicants with high school diplomas get interviews O C. Employees who learn to perform high risk jobs always get paid more O D. People with college degrees usually earn more than those with less educationThe following question has 4 parts (a.-d.), parts b. to d. will be revealed after submitting your answer by hitting "Verify" on the preceding sections. Suppose an economy is composed of 10 individuals. The following table shows their annual income in thousands of dollars. Individual Individual 1 Individual 2 Individual 3 Individual 4 Individual 5 Individual 6 Individual 7 Individual 8 Individual 9 Individual 10 Income 46 80 96 33 74 54 48 28 83 10do you not have to take the income forgone in the time spent raising each child to adulthood, defined by z into account?
- What is meant by factor Income to abroad? State it's componentsSay that the average worker in the U.S. economy is eight times as productive as an average worker in Mexico.IftheproductivityofU.S.workersgrowsat2% for 25 years and the productivity of Mexico’s workers grows at 6% for 25 years, which country will have higher worker productivity at that point?This chapter discusses the importance of economicmobility.a. What policies might the government pursue toincrease economic mobility within a generation?b. What policies might the government pursue toincrease economic mobility across generations?c. Do you think we should reduce spending oncurrent welfare programs to increase spending onprograms that enhance economic mobility? Whatare some of the advantages and disadvantages ofdoing so?
- When recording devices were first invented morethan 100 years ago, musicians could suddenly supplytheir music to large audiences at low cost. How doyou suppose this development affected the income ofthe best musicians? How do you suppose it affectedthe income of average musicians?The functional distribution of income shows the distribution of income among and the personal distribution of income shows the distribution of income among O A. firms; households according to age O B. fims and households; individuals O C. factors of production; job type O D. factors of production;, households O E. different types of workers; households according to location1. How can a social worker student further their growth?
- What is the safety net?Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?JosephmigratedtoCanadafromGhana5yearsago.Hecurrently works in sales but is considering quitting work for two years to earn an MBA degree. His current job pays $40,000 per year (after taxes), but he could earn $55,000 per year (after taxes) if he had an MBA. Tuition is $10,000 per year, and the cost of an apartment near campus is equal to the $10,000 he is currently paying. His discount rate is 6 percent per year. He just turned 48 and plans to retire when he turns 60, whether or not he earns his MBA degree. Based on this information, should he go for an MBA degree? Explain carefully with appropriate calculations.