Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
Find wahat the share of total income received by each quintile of this income distribution. Do the top and bottom quintiles in this distribution have a greater.
What are the main causes for the recent trends in union membership rates in the United States? Why are union rates lower in the United States?
Why do you think municipalities tax things that travelers buy as a way of raising the revenue to build local venues?
What assumptions about the elasticities of demand and supply for high-wage labor and capital might be consistent with this assessment?
Calculate the average tax rate and marginal tax rate that Larry pays and that Suzy pays. Is this income tax fair? Explain.
Calculate the marginal tax rates for bakers, gas pump attendants, and copy shop workers. Is this tax progressive or regressive?
What is the price that buyers pay? How is the tax split between the buyer and the seller? What is the government's tax revenue?
Draw a graph to show the effects of the $3 tax on the buyer's price, the seller's price, the quantity of cigarettes bought and the tax revenue.
Explain the effect of this tax cut on the price of gasoline and the quantity bought if, at the same time, a global shortage of oil sends the price up.
What determines by how much Starbucks will raise its price? How will the quantity of coffee bought in coffee shops change? Will this tax raise much revenue?
Why would you expect the presence of labor unions to lead to higher or lower pay for worker-members?
explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers.
Compute the share of total income received by each quintile of this income distribution.
Explain how does the earned income tax credit attempt to loosen the poverty trap?
Analyze how the production possibility frontier tradeoff between economic equality and output might look in each case.
Explain how a program that increased educational levels for a substantial number of low-skill workers could reduce income inequality.
A group of 10 people have the following annual incomes. Calculate the share of total income received by each quintile of this income distribution.
We have discovered that the welfare system discourages recipients from working. How does the earned income tax credit attempt to loosen the poverty trap?
Draw Jonathan's labor-leisure opportunity sets, both for before this welfare program is enacted and after it is enacted.
Explain what the long- and short-term consequences are of not promoting equality or working to reduce poverty.
How does a society or a country make the decision about the tradeoff between equality and economic output? Hint: Think about the political system.
What do you think is more important to focus on when considering inequality: income inequality or wealth inequality?
Given the rising cost of going to college, explain why a college education will or will not increase income inequality.
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 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.