If an increase in incomes has identical proportion for both high-income and low-income employees, then poverty...
If an increase in incomes has identical proportion for both high-income and low-income employees,
then poverty will fall and inequality will remain unchanged.
then poverty will rise and inequality will rise.
then poverty will fall and inequality will fall.
then poverty will rise and inequality will remain unchanged.
Homework Answers
then poverty will fall and inequality will remain unchanged.
(Because income rise for low income workers, so poverty will fall but as it rise in the same proportion, so inequality will remain unchanged.)
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If an increase in incomes has identical proportion for both
high-income and low-income employees,
then poverty...
If the level of incomes stay the same for low-income employees but increases for high-income employees,...
If the level of incomes stay the same for low-income employees but increases for high-income employees, then poverty will not change and inequality will fall. then poverty will not change and inequality will rise. then poverty will fall and inequality will rise. then poverty will rise and inequality will fall.
Suppose a country with two types of workers, high skilled and low skilled, has a comparative...
Suppose a country with two types of workers, high skilled and low skilled, has a comparative advantage in biotechnology and a comparative disadvantage in shoes. Under the Stolper-Samuelson theorem, which predicts increasing inequality due to international trade, expansion of trade will result in: 1. the fall in the real wage rate of both skilled and unskilled labor 2. the fall in the real wage rate of skilled and unskilled labor in the shoe industry 3. the rise in the real...
If a product has an income elasticity of demand of -2.5 (minus 2.5), and buyers’ incomes...
If a product has an income elasticity of demand of -2.5 (minus 2.5), and buyers’ incomes decrease by 50%, then: purchases of this product will fall by 50%. purchases of this product will fall by 2.5%. purchases of this product will increase by 150%. purchases of this product will fall by 75%. purchases of this product will increase by 20%. 'purchases of this product will increase by 125%.
Most capitalist countries have very little economic inequality. True False There has been an increase in...
Most capitalist countries have very little economic inequality. True False There has been an increase in extended family household over the last decade or so in the US True False Sociologists predict which of the following to be true for family life in the US in the future: divorce rates will remain high all of the above children's risk of poverty will increase both household partners/parents will have to work to financially support the family family life will be more...
1. which of the following explains the increase in the earnings gap between high skilled and...
1. which of the following explains the increase in the
earnings gap between high skilled and low skilled workers? select
two
2. Temporary assistance for needy families (TANF) attempts to
avoid _ by requiring that welfare recipients work and by limiting
the length of time they can receive benefits.
- 3 days Question 1 Which of the following explains the increase in the earnings gap between high-skilled and low-skilled workers? Please select two correct answers. Select all that apply: O...
Test the claim that the proportion of children from the low income group that drew the nickel too large is greater than the proportion of the high income group that drew the nickel too large. Test at...
Test the claim that the proportion of children from the low income group that drew the nickel too large is greater than the proportion of the high income group that drew the nickel too large. Test at the 0.1 significance level. 21 of 40 children in the low income group drew the nickel too large, and 15 of 35 did in the high income group. a) If we use LL to denote the low income group and HH to denote...
Explanation not necessary If a firm has a contribution margin of $78,090 and a net income...
Explanation not necessary If a firm has a contribution margin of $78,090 and a net income of $13,700 for the current month, what is their degree of operating leverage? A. 0.21 B. 1.21 C. 2.4 D. 5.7 A company's contribution margin per unit is $25. If the company increases its activity level from 200 units to 350 units, how much will its total contribution margin increase? A $3.750 B. $5,000 C. $1,250 D. $8,750 When sales price increases and all...
Question 13 1pts Suppose that the labor market for low skill jobs in California is close...
Question 13 1pts Suppose that the labor market for low skill jobs in California is close to a competitive labor market. Many of low skill labor are from Mexico and Central America. Some politicians are considering restricting immigration from these countries. This would cause a decrease in the supply of labor leading to an increase in the equilibrium wage and an increase in the equilibrium quantity of labor employed. a decrease in the supply of labor leading to an increase...
1. The level of income below which the federal government classifies a family as poor is called the: A. relative measure...
1. The level of income below which the federal government classifies a family as poor is called the: A. relative measure of poverty. B. poverty threshold. C. absolute measure of poverty. D. median income threshold. 2. What is the United States government's formal definition of the poverty line? A. It is the annual income level below which a household is exempt from taxes. B. It is a level of annual income equal to total income in society divided by the...
18. Two goods, X & Y, all called complements if a) An increase in Px causes...
18. Two goods, X & Y, all called complements if a) An increase in Px causes more Y to be bought. b) An increase in Px causes less Y to be bought. c) An increase in Py causes less Y to be bought. d) An increase in income causes more of both X & Y to be bought. 19. If good X is a normal good and its price rises, then quantity demanded a) May or may not fall. b)...
Most capitalist countries have very little economic inequality. True False There has been an increase in extended family household over the last decade or so in the US True False Sociologists predict which of the following to be true for family life in the US in the future: divorce rates will remain high all of the above children's risk of poverty will increase both household partners/parents will have to work to financially support the family family life will be more...
1. which of the following explains the increase in the
earnings gap between high skilled and low skilled workers? select
two
2. Temporary assistance for needy families (TANF) attempts to
avoid _ by requiring that welfare recipients work and by limiting
the length of time they can receive benefits.
- 3 days Question 1 Which of the following explains the increase in the earnings gap between high-skilled and low-skilled workers? Please select two correct answers. Select all that apply: O...
Explanation not necessary If a firm has a contribution margin of $78,090 and a net income of $13,700 for the current month, what is their degree of operating leverage? A. 0.21 B. 1.21 C. 2.4 D. 5.7 A company's contribution margin per unit is $25. If the company increases its activity level from 200 units to 350 units, how much will its total contribution margin increase? A $3.750 B. $5,000 C. $1,250 D. $8,750 When sales price increases and all...
Question 13 1pts Suppose that the labor market for low skill jobs in California is close to a competitive labor market. Many of low skill labor are from Mexico and Central America. Some politicians are considering restricting immigration from these countries. This would cause a decrease in the supply of labor leading to an increase in the equilibrium wage and an increase in the equilibrium quantity of labor employed. a decrease in the supply of labor leading to an increase...
18. Two goods, X & Y, all called complements if a) An increase in Px causes more Y to be bought. b) An increase in Px causes less Y to be bought. c) An increase in Py causes less Y to be bought. d) An increase in income causes more of both X & Y to be bought. 19. If good X is a normal good and its price rises, then quantity demanded a) May or may not fall. b)...
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