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Question: Income Gap Growing In 2009, people in the highest quintile had 24.6 times as much market income as those in the lowest quintile, but after taxes and transfers the people in the highest quintile had 9.1 times as much income as those in the lowest quintile. In 1989, the people in the highest quintile had 7.2 times more income after taxes and transfers than those in the lowest quintile. In 1990, 82.9 percent of the unemployed received unemployment benefits. In 2009, 47.8 percent of the unemployed received unemployment benefits.
Explain what the information provided in the news clip implies about the effects of income redistribution policies on the income gap between the richest and poorest Canadians.
Which of the following is true of the principal’s liability for an independent contractor’s actions? Joy, Saras agent, sells a property of $2000 more than what Sarah had anticipated. But, Joy keeps the excess money to him, and lets Sarah know that th..
Identify two different ways whereby a firm determines its profit maximizing level of output operating in perfectly competitive market
What kind of crisis was Latvia experiencing in 2008, a currency crisis, a banking crisis, or a debt crisis? If the IMF had not stepped in with support, what do you think might have occurred?
three oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs that is
Assume that your consumption decisions are made according to the permanent income theory. Which of the following would lead to the largest increase in current consumption?
Economics 711: Final Exam 2005. Consider an economy with two goods and two consumers and one producer. The aggregate endowment vector is (1, 2). The first consumer's utility function is u(x, y) = xy, Find the utility possibility frontier
provide an example of a product you have recently purchased in which the price changed. determine whether the good was
Outline a micro-economic reform issue that is relevant to the Australian economy market and how successful do you think these reform measures were and say why referring to some data or research that has been performed.
In Table the number of students per teacher is used as an indicator of human capital deepening, that is, as a quality measure.
When people become unemployed because of a higher minimum wage, this type of unemployment is called:
If the tax on a good is increased from $0.15 per unit to $0.60 per unit, the deadweight loss from the tax
The new gold rush is not just in the United States. It is also in Australia, Africa, Asia, and elsewhere. If old gold mines still have gold in them, why weren't they being operated before the increase in the price of gold?
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