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What is the key difference between a fee-for service healthcare system and a system based on health maintenance organizations?
As you think about hiring someone for a job, what are some mechanisms you might use to overcome the problem of imperfect information?
Show, on the same graph, the amount of subsidy needed to increase the equilibrium quantity of fuel-efficient cars to Q social.
What is the best outcome for Becky and Sarah? What is the worst outcome? (It would help you to construct a prisoner's dilemma table.)
Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers.
Draw Jonathan's labor-leisure opportunity sets, both for before this welfare program is enacted and after it is enacted.
How does the earned income tax credit attempt to loosen the poverty trap?
Compute the share of total income received by each quintile of this income distribution.
Explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers.
Explain how a program that increased educational levels for a substantial number of low-skill workers could reduce income inequality.
Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.
Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?
What are some reasons why a certain degree of inequality of income would be expected in a market economy?
Describe how a push for economic equality might reduce incentives to work and produce output.
What goods and services would you include in an estimate of the basic necessities for a family of four?
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.
Explain how programs such as TANF, EITC, SNAP, and Medicaid will affect low-income individuals and whether or not you think these programs will benefit families
Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages.
Explain whether or not this level of redistribution is appropriate and whether more redistribution should occur.
How does a society or a country make the decision about the tradeoff between equality and economic output?
Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
In country B, the population is 900 million and 100 million people are living below the poverty line. What is the poverty rate?
Calculate the share of total income received by each quintile of this income distribution.
In a market without environmental regulations, will the supply curve for a firm take into account private costs, external costs, both, or neither? Explain.