Answer to Question 1
The government redistributes income using income taxes, income maintenance programs, and subsidized services. Income taxes redistribute income because they are generally progressive so that higher-income households pay more in income taxes than lower-income households. In addition, poor households receive money from the income tax through the earned income credit. Income maintenance programs are programs such as social security, unemployment compensation, and welfare. These programs tend to give more income to poorer households than richer households. Finally, the government provides subsidized services, such as below-cost health care and below-cost schooling.
Answer to Question 2
This statement is false. The reason is that nations don't trade according to their absolute advantage but rather their comparative advantage. Even though the nation of Berdundi has an absolute disadvantage in the production of everything it is very unlikely that it won't have a comparative advantage in the production of at least one good or service vis--vis the United States.
The proportion of obese and extremely obese adults in the United States has increased over the past
Cartoon of Uncle Sam teaching states in Puck
Andrea Bowers, United States v. Tim DeChristopher.
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
Incidence of acute hepatitis B in the United States, 1980–2008.
Oligosaccharides and proteins can be linked to form glycoproteins in two ways