This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Are policies that aim to help the poor identical to policies that achieve income equality? Why or ... (Read 188 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
Are policies that aim to help the poor identical to policies that achieve income equality? Why or why not?
 
  What will be an ideal response?

Question 2

The consumer is in equilibrium when
 
  A) MRT = MRS.
  B) Px/Py = MUx/MUy
  C) the budget line is tangent to the indifference curve at the bundle chosen.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #1 on: Jul 1, 2018
Answer to Question 1

Policies that aim to help the poor are not synonymous with achieving income equality because a policy could help the poor without making incomes more equal. For example, the middle class could be taxed and redistributed to both the rich and the poor. Under this scenario, the gap between the rich and the poor would not narrow, although the poor would be better off. Conversely, it would be easy to achieve income equality by reducing the income of all members of society to the level of the poorest individual. This would not help the poor, however, although it would achieve perfect income equality.

Answer to Question 2

D


RRMR

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 1, 2018
Correct answers!


ririgirl15

  • Sr. Member
  • ****
  • Posts: 385
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Identical Twin Normal Birth Position Identical Twin Normal Birth Position
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Lone-parent household income and the degree of vulnerability Lone-parent household income and the degree of vulnerability
Cut the figure into two identical parts Cut the figure into two identical parts
Video: Green alga life cycle Animation

For a complete list of videos, visit our video library