Why is their growing disparity between the rich and poor

Assignment Help Business Economics
Reference no: EM131005907

Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the poor? 150 word min in paragraph form, NO BULLET POINTS

Reference no: EM131005907

Questions Cloud

Main assumptions underlying the neoclassical theory : What are the two main assumptions underlying the “neoclassical” theory of a short-run labor demand curve that is declining in rising wage rates (i.e., the “Law of Demand”)?
The affordable care act : You now know everything you need to know to be an informed critic of the Affordable Care Act. Based on all that you have learned, how does the Act measure up to our three goals of 1) increasing quality of care, 2) increasing access to care and 3) kee..
Bargaining unit determinations of crucial significance : Why are bargaining unit determinations of crucial significance in representational election outcomes and the longer-terrn relationships between the parties? Discuss.
About the international trade equilibrium : If two countries reach equilibrium in their domestic markets at the same price, what can be said about their export supply and import demand curves and about the international trade equilibrium?
Why is their growing disparity between the rich and poor : Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
Prevent price-gouging after occurrence of natural disaster : Laws that prevent price-gouging after the occurrence of a natural disaster are a practical example of which of the following market interventions?
Money multiplier when the economy faced the financial crisis : List all possible factors to influence the money multiplier when the economy faced the financial crisis. The money multipliers were changed before and after financial crisis. Explain the FED’s monetary policies to increase the money supply in the Gre..
What are the economic costs of operating bed and breakfast : Lorelai purchases an inn in 2004 for $200,000. Today (2016) if she wants to operate it as a bed and breakfast she would have to pay her cook $25,000/year, her assistant manager $50,000/year, and $10,000 in electric bills. What are the explicit costs ..
Bus ticket between two cities cost : A bus ticket between two cities cost $150 and the trip will take 25 hours, whereas an airplane ticket costs $450 and takes 5 hours. Kathy values her time at $12 per hour, and Rachel values her time at $18 per hour. Will Kathy take the bus or the plan..

Reviews

Write a Review

Business Economics Questions & Answers

  Suppose the production function is cobb-douglas

Suppose the production function is Cobb-Douglas, y = x 1/2 1 x 3/2 2. What is the technical rate of substitution? Does this technology demonstrates increasing, decreasing or constant returns to scale?

  What is meant by the social construction of categories

What is meant by the "social construction of categories"? In what ways are concepts such as gender, race, sexual orientation, social class, and exceptionality social categories?

  Institutional arrangements is most likely to promote growth

Which of the following institutional arrangements is most likely to promote growth.

  Research on recent actions on the part of federal reserve

Do some outside research on recent actions on the part of the Federal Reserve. The Fed is essentially responsible for monetary policy. Describe the functions of the Fed and why manipulation of the money supply has been such a prominent tactic over th..

  What is equilibrium price and quantity of apartment rentals

Suppose the demand for apartment rentals in New York is Q = 1000 - P and the supply of apartment rentals is Q = 4P. What is the equilibrium price and quantity of apartment rentals in New York?

  Full employment-increase GDP

Country X has an $8000 billion GDP and a population of 200 million. Country Y has a $6000 billion GDP and a population of 150 million. Which of the following is true? If the GDP deflator is now 125, we may conclude that since the base year prices hav..

  Elucidate what happens to real gdp when it is initially

Elucidate what happens to real GDP when it is initially to the right of the equilibrium point and why. Indicate two public policies which would be appropriate for addressing this situation.

  Vcrs the own-price elasticity of demand

Use this information to predict the annual number of VCRs sold if increasing competition from Asia causes VCR prices to fall by 10% with income and the price of DVDs is unchanged. 4.35 million 5.65 million 5.85 million 4.58 millio..

  Total unemployment compensation increases

Total unemployment compensation increases during recessions with no change in benefit rates.

  Little change in price because supply will also increase

Analyze the following ideas graphically and explain any fallacies that may be stated. An increase in demand will cause price to rise, with a rise in price, supply will increase and the increase in supply will push price down. Therefore, an increase i..

  Q1 assume demand take the form q 36p-1a show that the

q1. assume demand take the form q 36p-1.a. show that the price elasticity of demand is constant and equal to -1.b.

  Find the three stages of production

Find the three stages of production. If the wage rate is $500 and the price of output is $5, how many workers should the firm hire? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd