Describe the factors which cause average income of

Reference no: EM13455221

1. Explain how welfare creates work disincentives.

2. Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites.

3. Education is often used as an example of a positive externality. Are the external benefits greater for elementary, secondary, or college education? Explain.

Reference no: EM13455221

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