Explain how rates of return on capital, land, and nonrenewable natural resources are determined

Q: Do the rich get richer and the poor get poorer? Explain please and be sure to differentiate between…

A: Poverty refers to a state under which a person is unable to meet his basing needs using the given…

Q: Explain how rising demand for college-educated workers and falling demand for high-school educated…

A: This can be described as the concept that shows the income of different individuals is different at…

Q: Poverty rates for females, Hispanics, and African Americans are for white males. much higher than…

A: Poverty rate for females, hispanics & african americans are mich higher than that for white…

Q: Explain the concepts of the ‘Lorenz curve’ and ‘Gini coefficient’. In answering this question,…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you as per…

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: Suppose that a society contains only two members, a lawyer named Monique and a handyman named James.…

A: A society contains only two members, a lawyer named Monique and a handyman named James. Monique made…

Q: In the United States poverty rates among African-Americans are high and most people living below the…

A: Poverty line is the level of personal/family income below which an individual is considered as poor…

Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…

A: Income distribution refers to equality with which income is divided among different sections of the…

Q: The second 20 percent of households receives benefits percent of total market income. equal to…

A: Regressive tax system is a system in which a person pays a fixed amount of tax regardless of income.…

Q: Eight statements regarding the redistribution of income expenditure programs are provided. Match the…

A: Public Assistance: This program is targeted at families with minor children, very low income, and…

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: 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: 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: Indicators of income inequality and poverty Country Gini coefficient Australia Belgium Canada France…

A: The "Gini coefficient," which is directly linked to the Lorenz curve, is the most commonly used…

Q: Comment on or explain: Endowing everyone with equal income will make for very unequal enjoyment and…

A: A person's revenue basically depends on his / her attributes, such as talent, experience , and…

Q: Explain why, among Western nations, the United States has the highest percentage of children and…

A: A state of human condition where the person is not able to obtain a standard level of water, food or…

Q: explain urban poverty. Graphic representation such as curve/graph would be useful to hel

A: It can be defined as a complex socio-economic condition that arises due to the lack of sufficient…

Q: 1. Explain clearly why there is income inequality in the Philippines.

A: In economic terms, income inequality refers to a significant disparity in how persons, groups,…

Q: Explain two solutions to overcome economic inequality.

A: Solutions to overcome inequality To overcome inequality,government should increase minimum wage law…

Q: The Lorenz curve represents the relationship between a. the cumulative percentage of households and…

A: What is Lorenz curve.

Q: State True or False: Compared with other developed nations, the United States has one of the highest…

A: US is one of the top developed country in the world. However, the picture is quite different in case…

Q: Match the scenario/description provided to the the type of poverty OR human development issue to…

A: A-Human development issue. B-Subjective poverty.

Q: The difference between rich and poor is becoming more extreme, and as income inequality widens the…

A: The term "income" refers to a year's total of family disposable income. It is made up of household…

Q: Below is a Lorenz Curve for a given country.  Suppose its government establishes a 10% income tax on…

A: A Lorenz curve is a graphical representation of a community's income or wealth distribution.Lorenz…

Q: Match the scenario/description provided to the the type of poverty OR human development issue to…

A: Relative poverty is when we compare poverty of people with median income. Absolute poverty is when…

Q: The difference between rich and poor is becoming more extreme, and as income inequality widens the…

A: The unjust distribution of opportunities and resources among the members of a given society is being…

Q: Two competing approaches in explaining the phenomenon of poverty inequality and solutions to…

A: The present period is influenced by different emergencies either on homegrown or unfamiliar scenes…

Q: 4. An economist produced the following Lorenz curves for the current income distributio and the…

A: *Answer:

Q: Discuss the growing income inequality in the U.S. and the world with someone mature enough to have…

A: Economic inequality is the major problem of America. It is based on the following facts: 1. U.S has…

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: Henry George and William Graham Sumner both wrote in the late nineteenth century about poverty and…

A: Henry George in his book "Progress and poverty" investigates the paradox of increasing inequality…

Q: Which of the following is a reason for increased income inequality? Market forces lead to highly…

A: Income Inequality: The term income inequality refers to the situation wherein a society few people…

Q: Question 10

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

Q: is a decrease in the productive capacity of capital so that wages and salaries are instead paid to…

A: *Answer:

Q: Explain how “Mano Dura” criminalized the poverty in Puerto Rico

A: In February 1993, war was declared in Puerto law. in a very special legislative address,…

Q: Question 8

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

Q: Match the scenario/description provided to the the type of poverty OR human development issue to…

A: Solution: A) Mary’s SNAP card is almost empty and there’s too much month left for the money. The…

Q: What are the principal causes of income inequality and what are popular and conventional measures to…

A: The measure that depicts the uneven distribution of income throughout a population is being known as…

Q: Which statements are TRUE?   A. Modern sector enlargement assures a better Lorenz Curve for a…

A: The concept of income inequality discusses how income is distributed among different sections of…

Q: How do factor endowments affect personal income? Examine different provisions employed by the…

A: Factor endowment: It refers to the land, labor and capital. Factor endowment helps in the production…

Q: Describe how income inequality and poverty are explained by the structural functional, conflict, and…

A: Poverty is directly proportionate to inequality: the rich get richer, while the poor get poorer.…

Q: The closer the Lorenz curve for income is to the line of equality, the larger is the nation's total…

A: Lorenz curve is a line which shows income distortion of households which is on x axis and cumulative…

Q: What does government now do, and what could and should government do, to reduce economic inequality?…

A: Fiscal policy refers to the use of government spending and tax policies to influence the economy. It…