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- Describe how income inequality and poverty are explained by the structural functional, conflict, and symbolic interaction perspectives. What is at least one shortcoming of each theory?For Question 7 please refer to the chart below of the Lorenz Curve for Paraguay and Germany for 2014: Percent of Total Income Paraguay -Germany Percent of Total Population Based on the table above, which of the following is true; Paraguay has a greater degree of Income Inequality Germany has a lower Gini-Coefficient Paraguay has a higher Gini-Coefficient Germany has a greater degree of Income InequalityHow can we use data on the return to education to estimate how differences in education among countries contribute to differences in income among countries?
- Indicate True (T) or False (F) for the following question, and explain your answer in 50 words "If a society wishes to achieve a high degree of efficiency, then it must also accept a high level of inequality."How has assortative mating contributed to growing inequality? Taxes redistribute income from the poor to the rich O People marry someone similar to them, creating some households with many resources and others with few O Groups with political clout convince the government to implement exclusive institutions O New technologies like the internet create opportunities for the people with skills to use themThe Stolper-Samuelson theorem predicts that inequality will fall in developing economies. But the adoption of new technologies as countries join GVCs means that production processes favour the skilled even in developing countries. So, is Stolper-Samuelson wrong? Explain
- Currently, in the United States, poverty rates are comparatively low Group of answer choices for the elderly for the well-educated for whites and for all those in the other answers for the male-headed householdsExplain why a capitalist economic system tends to bring about a highly unequal distribution of income. Why did income inequality rise significantly in the U.S. after about 1980?Consider a Maldives island with ten inhabitants. Answer the questions below. a) Plot the Lorenz curve for the income distribution: (2,2,4,6,8,20,30,40,60,100) (2,2,4,6,8,20,30,40,60,100) Consider an income redistribution that takes 20% of income from each of the three richest individuals and distribute equally to individuals that have an income below the poverty line (9). Plot the Lorenz curve again to demonstrate that inequality has decreased. What happened to the coefficient of variation between the two periods? What can you conclude about the change in inequality between periods from this? b) Show on the same diagram the Lorenz curve for the income distribution: (8,18,20,22,26,28,30,32,40,48)(8,18,20,22,26,28,30,32,40,48) Compare and comment this new Lorenz curve with the Lorenz curves in part (a). Then, show that the three social welfare functions, W=∑MhW=∑Mh, W={MinWh}W={MinWh}, and W={MaxWh}W={MaxWh} rank the income distributions in parts (a) and (b) differently. c) Calculate the…
- Incomes in China and India are a small fraction of incomes in the United States. But incomes in China and India are growing more quickly those in the United States. Draw the world Lorenz curve before the growth in income in China and India. Label it Before. >>> Reposition the label by clicking on the edge of the label box and dragging it. Draw the world Lorenz curve after the growth in income in China and India. Label it After. Inequality between the people in China and India and the people in the United States is O A. increasing OB. staying relatively constant C. decreasing OD. increasing in some years and decreasing in other years % 5 6 Selected: none Oll 87 & 7 O * 8 O 100- 80- 60- 40- 20- 0 Cumulative percentage of income ( 9 20 40 80 60 Cumulative percentage of households >>> Draw only the objects specified in the question. Delete Clear * ? ) 0 Next x 10 an rld" it fe dust real- lesto SITI Oriente 1 C++ ( Camp.o NS 1 ye Coding hool Stu Mihailescu NS 2 year. ython - Fu ers [Tutoria…It is argued that as a result of growing dependency on government's welfare programmes, marginal poor's welfare increases substantially. True or false? Why?Which of the following is NOT a component of the Multidimensional Poverty Index? Whether or not the household lives in a house with clean drinking water Whether or not any household members suffer from malnourishment Whether or not all household members have completed at least 5 years of schooling Whether or not any household members earn less than $2 per day