The table below is an illustration of Pareto efficiency criterion after the implementation of a state income policy in some selected Ministries .                                Before policy.          After policy Ministry A.          400                          800 Ministry B.          200                         200 Ministry C .         300                           300 Total.                  900                          1300 With reference to the table, explain Pareto optimality.

Q: The table below is an illustration of Pareto efficiency criterion after the implementation of a…

A: When analyzing different alternatives or combinations of resources, policymakers use two different…

Q: 1. The following boxplots show the total income of 40 randomly chosen households each from…

A: Box plots are based on the quartiles of the data, the median shows the middle value of the data, the…

Q: This chapter discusses the importance of economicmobility.a. What policies might the government…

A: (a)   The income inequality represents the unequal distribution of income across various economic…

Q: TA- 30 EQ 2 Premium (high income) Premium (low income) 100 EQ 1 50 55 High income households in A In…

A: Answer -

Q: Look at the following ratios: • 90/10 ratio the ratio of Decile 10 income to Decile 1 income • 90/50…

A: The decile dispersion ratio compares the average earnings/income of the x percent (wealthy…

Q: The following questions list 10 cases of two distributions of income, in each of states "A" and "B."…

A: Given: State A: Person 1=$1, Person 2=$2, Person 3=$3 State B: Person 1=$2, Person 2=$4, Person 3=$6

Q: The table shows three alternative distributions of land ownership in a village with 100 people and…

A: The Gini coefficient used to represent the inequality with the help of the Lorenz curve.

Q: Table: Maximin Principle 2 Society Albert Barry $1,000 Colin Average Income $700 $1,000 $100 700 700…

A: According to Rawl's maximin principle, the system should be designed to maximize the position of…

Q: How can profit motive lead to income inequality?

A: In capitalism, individuals are motivated by the profit incentive. The capitalist undertakes risky…

Q: What is "Pareto Efficiency"? This is a key concept in welfare economics. Write at least a paragraph…

A: Welfare economic science may be a discipline of economic science that employs economics approaches…

Q: 45° Original Income Jelfare policy diagram right of Figure 6 are two circular red markers with a…

A: Government intervention is administrative move initiated by government that try to change the…

Q: The diagram below depicts Lorenz curves for two countries, Gallifrey and Panem. 100% 80% 60% 40%…

A: The Lorenz curve is a graphical representation of the distribution of income or wealth in a country…

Q: . When can inequality be a good thing?

A: Inequality is the distribution of resources and opportunities among members of a society that is…

Q: 1. Which of the following is an example of govemment discretionary spending A) Social Security…

A: The term "budget" refers to the official government document that lists all of the potential revenue…

Q: The table shows the distribution of market income. Market income (percent of total) 1 7 14 23 55…

A: The theory of lorenz curve is given by the American economist Maz O. Lorenz.  The Lorenz Curve shows…

Q: Q3] F 100.00% 80.00% · 60.00% E 40.00% 20.00% A 0.00% 0% 20% 40% 60% 80% 100% Percent of households…

A: Lorenz curve is graphical measure of inequality. On X - axis cumulative percentage of household is…

Q: An economy has 5 households with annual income (alphabetical order): A - $40,000, B - 30,000, C -…

A: Answer : The completed table, as per the specifications, is as follows: (All amounts in $)   Y…

Q: Which of the following statements is most inaccurate? O a. Redistribution policies bring about a…

A: Pareto efficiency means that resources are distributed in the most cost-effective way possible, but…

Q: Pls help with below homework-) Is it true that universal guarantedd basic income is the best…

A: universal guaranteed basic income(UBI) could be intended to diminish destitution, further develop…

Q: S. An individual can earn $12 per hour if he or she works. Draw the budget constraints hat show the…

A: Answer in step 2

Q: Discuss each of the following: 1. How does household income affect the desire of a parent to have…

A: Many factors play a vital role in deciding to have a children . Education level of parents, income…

Q: Set different measures of welfare with it's dimensions in detail

A: As we know that Welfare is the physical or material well-being of the people. The different ways or…

Q: 5 Which philosopher's ideas would promote policies that favor the greatest use of income…

A: The transfer of income and wealth (including physical property) from one person to another by a…

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: 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: What is a "quintile"? Provide and explain one example of how this concept is used in the discussion…

A: The first quintile represents the usual lowest fifth of the data (1 percent to 20 percent); the…

Q: One explanation for why laws and policies related to things like personal income taxes and alcohol…

A: Personal income taxes are direct tax in nature where people can't shift tax burden levy on people .…

Q: (a) (b). (c) (d) Percent of Families 100 efer to the above graph. A nation that has an income…

A: Lorenz curve represents graphically the distribution of income within a poulation.

Q: Pls answer in simple words : Are extremes of wealth and poverty desirable ?

A: In an economy, extremes of wealth implies a situation that shows the maximum value of income and the…

Q: Marley has 100 hours per week available she can spend either working or doing leisure activities. He…

A: Given information Hours of week=100 hours W=$50 Rental income=$1000

Q: Suppose there are two possible income distributionsin a society of ten people. In the first…

A: a) If the society had the first income distribution, the utilitarian argument for redistribution…

Q: C= 2000 + 0.5(Y-T) T= 200 G= 400 I= 500 9. Refer to the table above. The equilibrium level of income…

A: When associate economy or corporation has associate equal quantity of production and market demand,…

Q: he table below is an illustration of Pareto efficiency criterion after the implementation of a state…

A: i. a Pareto improvement is a condition where resources are re allocated such that it harms no one…

Q: The table below is an illustration of Pareto efficiency criterion after the implementation of a…

A: Pareto efficiency refers to the situation in which the all economic agents reached at a level where…

Q: ite a budget constraint of this individual and plot it. splay graphically what is the optimal…

A: *Answer:  *1   C = wT -wL Where , the price of consumption goods is normalised to Unity E and T is…

Q: 6. An individual can earn $12 per hour if he or she works. Draw the budget constraints that show the…

A: Pay: $12 per hour  Government guarantees $900/month in income and reduces that benefit by $1 for…

Q: First define what progressive and regressive redistribution policies are. Then, in each of the…

A: A policy that represents action that are being intended for controlling or influencing the behavior…

Q: 1. How should goods and/or factors be allocation when there is an inequality? Explain mathematically…

A: Since economics covers production and allocation decisions, the subject was divided into various…

Q: 9. The U.S. income distribution is not equitable.

A: The statement is positive. Explanation follows. Positive statements are those statements that…

Q: Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.31. Which…

A: The Gini coefficient, or Gini index, is a proportion of the dispersion of income across a populace…