question archive 1A) Using Week 16 lecture "Governments, efficiency and trade-offs"
1A) Using Week 16 lecture "Governments, efficiency and trade-offs"
Subject:EconomicsPrice: Bought3
1A) Using Week 16 lecture "Governments, efficiency and trade-offs".
Please explain how income and wealth inequality can be argued to decrease efficiency.
take notes (Of course you can take more notes than on just these topics. These are here to get you focused on what I think is MOST important.)
2B. Using your textbook section 15.5 "Government Policies to reduce Income Inequality", specifically the section titled - "Causes of Growing Inequality: The Changing Composition of American Households"
Outline what your textbook identifies as the causes of income inequality. Can you think of more reasons?
3B. Using your textbook section 15.5 "Government Policies to reduce Income Inequality", specifically the section titled - "The Trade-off between Incentives and Income Equality"
Redraw the two diagrams titled "The Trade-off between incentives and income inequality" then, explain what each depict.
