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 163 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?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Acromegaly in one individual from a pair of identical twins. Acromegaly in one individual from a pair of identical twins.
The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing The same star field photographed with (a) a ground-based telescope, which is subject to poor seeing
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Who Ends Up Poor? Poverty by Education and Race-Ethnicity Who Ends Up Poor? Poverty by Education and Race-Ethnicity
The Parade of World Income The Parade of World Income
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library