Ask Question, Ask an Expert


Ask Microeconomics Expert

1) By using the quintiles, sum up in brief the degree of inequality of income in the United States. describe the criticisms that have been made of the standard Census Bureau data on income inequality? describe how and to which extent does the government provide some sort of contribution to the income equality?

2) describe why the lifetime distribution of income is more equal as compared to the distribution in any specific year?

3) Discuss the major causes of income inequality in brief. With respect to the income inequality, describe if there is any kind of difference between the inheriting property and inheriting the high IQ? 

4) Which factors should have contributed to high income inequality since the year 1969?

5) Use ‘leaky bucket analogy’ to discuss the efficiency of equality trade-off.  Describe how welfare reform (TANF) has degraded the leak.

6) describe should an income of nation be distributed to its members as per their contributions to the generation of that total income or to the requirement of members’ needs? Whether a society attempts to equalize the income or the economic opportunities? Whether issues of the equity and equality within the distribution of income synonymous?  Up-To what degree, if any, is income inequality equitable?

7) describe in detail: ‘There need to be no trade-off between the equality and efficiency. An “efficient” economy which generates an income distribution which many regard as the unfair may cause those with meager income rewards to become discouraged and stop trying.  So, efficiency can be undermined. A fairer distribution of the rewards can produce a higher average productive effort on the part of population, thus improving the efficiency. If people consider that they are playing a fair economic game and this belief makes them to try harder, an economy having an equitable income distribution can be efficient as well.”

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M912191

Have any Question? 

Related Questions in Microeconomics

Evaluating the effectiveness of pre-positioning policies in

Evaluating the Effectiveness of Pre-Positioning Policies in Response to Natural Disasters EXPERIMENTAL DESIGN Objectives The intent of this research is to understand the impact of implementing a local pre-positioning str ...

Assignment perfectly competitive and monopoly firmsin this

Assignment: Perfectly Competitive and Monopoly Firms In this Assignment, you will calculate total cost, total revenue, and total profit/loss. Based on the computed results, you will determine the optimal quantity of outp ...

Case project 2-1 designing a corporate networkyou are asked

Case Project 2-1: Designing a Corporate Network You are asked to design a network for a medium-size company. The company decides to use the private IP address. The network will span six buildings, with a router ...

Discussionapplications and best practices please respond to

Discussion "Applications and Best Practices" Please respond to the following: • Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for ...

Assignment description1st forum assignmentbullwhat

Assignment Description 1st Forum Assignment: • What organizational leadership challenges do you see in your industry today? • What organizational leadership challenges do you foresee in your industry 10 years from now? • ...

Answer all of the following questions in microsoft word

Answer all of the following questions in Microsoft Word file with complete questions and answers and attach it. 1. Consider the markets for e-books, e-readers (e.g. kindle), and physical copies of books. For each of the ...

1 firms that had virtual monopolies that is control over at

1. Firms that had virtual monopolies, that is control over at least 80% of industry production, because of control over an essential resource include all of the following except the A) National Football League in the 195 ...

Tyler poland is a stock picker responsible for recommending

Tyler Poland is a stock picker responsible for recommending Mexican securities for his brokerage firm's clients. He is often frustrated about the lack of credible information on companies in Mexico. "Everything is always ...

Assignmentthis final project paper will utilize many of the

Assignment This final project paper will utilize many of the sections of material you have studied during the duration of this course. You will make use of your own personal observations and occupational experiences to e ...

Assignmentlearning activity 1this learning activity focuses

Assignment Learning Activity 1: This learning activity focuses on jurisdiction and ADR. Review closely all assigned materials regarding the legal system. Case Scenario: Ali owns and operates a florist business, Blooming ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate