Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 28, Problem 14CQ
To determine
Impact of redistribution of points among students.
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Students have asked these similar questions
Income inequality is necessary for Pareto optimality so that people
will work as hard as they can.” “If income is distributed equally, then there must be
Pareto optimality because you can’t make one person better off without making
someone else worse off.” Are these statements true or false? Why or why not?
What is meant by relative deprivation theory?
Is poverty an unfortunate circumstance or a character defect?
Chapter 28 Solutions
Economics: Private and Public Choice (MindTap Course List)
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Similar questions
- How do factor endowments affect personal income? Examine different provisions employed by the government in dealing with inequality in the distribution of income.arrow_forwardDifferentiate and explain between merit goods and mixed goodsarrow_forwardSuppose a government program guarantees $ 2,000 a month in income, even for those who do not work at all. However, if the recipient earns income by working, the benefit is reduced by 50 cents for each $1 earned. Which of the following statements is true? This program will redefine the proverty line. While the goal may be to reduce poverty, people rarely respond to incentives. This program will reduce the incentive to work significantly. The goal of this program is to increase the incentive to work, reducing the poverty trap.arrow_forward
- What is the poverty trap? Group of answer choices A)The situation where government assistance can result in a low or zero net gain for working. B)The situation where a person becomes unemployed and cannot find another job. C)The situation where a person becomes disabled and cannot work. D)The poverty trap occurs when a person is poor, and structural discrimination prevents that person from escaping poverty.arrow_forwardHow does the microeconomic theory of fertility relate to the theory of consumer choice? Do you think that economic incentives and disincentives influence family size decisions? Explain your answer, giving some specific examples of such incentives and disincentives.arrow_forwardWhat is factor mobility?arrow_forward
- Which set of policies is more likely to cause a tradeoff between economic output and equality: policies of redistribution or policies aimed at the ladder of opportunity? Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.arrow_forwardAccording to John Rawls, society gains more from improving the welfare of the rich household.arrow_forward
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