PROBLEMS AND APPLICATIONS

Economics Assignment Help Online

PROBLEMS AND APPLICATIONS 1. Table 2 shows that income inequality in the United States has increased since 1970, Some factors contributing to this increase were discussed in Chapter 19. What are they? 2. Table 4 shows that the percentage of children in families with income below the poverty line far exceeds the percentage of the elderly in […]

CONCLUSION

Economics Assignment Help Online

CONCLUSION People have long reflected on the distribution of income in society. Plato, the ancient Greek philosopher concluded that in an ideal society the income of the richest person would be no more than four times the income of the poorest person. Although the measurement of inequality is difficult, it is clear that our society has much more […]

ANTIPOVERTY PROGRAMS AND WORK INCENTIVES

Economics Assignment Help Online

ANTIPOVERTY PROGRAMS AND WORK INCENTIVES Many policies aimed at helping the poor can have the unintended effect of discouraging the poor from escaping poverty on their own. To see why, consider the following example. Suppose that a family needs an income of $15,000 to maintain a reasonable standard  And suppose that, out of concern for the poor, the […]

IN-KIND TRANSFERS

Economics Assignment Help Online

IN-KIND TRANSFERS Another way to help the poor is to provide them directly with some of the goods and  they need to raise their living standards. For example, charities provide the needy with food, shelter, and toys at Christmas. The government gives poor families food stamps, which are government vouchers that can be used to buy food at […]

NEGATIVE INCOME TAX

Economics Assignment Help Online

NEGATIVE INCOME TAX Whenever the government chooses a system to collect taxes, it affects the distribution of income. This is clearly true in the case of a progressive income tax, whereby high-income families pay a larger percentage of their income in taxes than do low-income families. As we discussed in Chapter 12, equity across income groups is an […]

The Rationale for a Scaled-Back City

Economics Assignment Help Online

The Rationale for a Scaled-Back City House Speaker Dennis Hastert learned the hard way the perils of kicking a city when it’s down. He was quoted in and Illinois newspaper shortly after Hurricane Katrina hit saying much of New Orleans “could be bulldozed” after the disaster, and opponents quickly silenced him with accusations of callousness and heartlessness The […]

Hurricane Katrina and Its Aftermath

Economics Assignment Help Online

Hurricane Katrina and Its Aftermath Just as governments try to help the victims of poverty, they try to help the victims of natural disasters. When Hurricane Katrina devastated New Orleans and the surrounding areas, policymakers and economists started pondering the best way to respond. Get Any Economics Assignment Solved for US$ 55

WELFARE

Economics Assignment Help Online

WELFARE One way to raise the living standards of the poor is for the government to supplement their incomes. The primary way the government does this \is through the welfare system. Welfare is a broad term that encompasses various government programs. Temporary Assistance for Needy Families (TANF) is a program that assists families that have children but no adult […]