of the r The richest 20% of the population in Economy B has approximately __________% of the economy's income. A 5 B 35 Ⓒ40 D 65 E 95

What goods and services would you include in an estimate of the basic necessities for a family of four?

In what ways (it) company investments in research and development create positive externalities?

Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.

Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?

Who are the near-poor?

What is measured on the two axes of a Lorenz curve?

Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap.

Redistribution of income occurs through the federal income tax and government antipoverty programs. Explain whether or not this level of redistribution is appropriate and whether more redistribution should occur.

Briefly explain the differences between TANF, the earned income tax credit, SNAP, and Medicaid.