Reference no: EM13682964

Question 1. How is the life-cycle pattern of income related to the measurement of income equality at a point in time? What are the differences between social insurance programs and income assistance programs? 

Your response should be at least 75 All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 

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

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 


Question 3. Explain why the optimal level of pollution is not zero. According to an EPA study, the health hazards of Superfund sites have been greatly exaggerated and air pollution tends to be a bigger health hazard than toxic waste dumps. Why is more attention focused on toxic waste dumps than on air pollution? 

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 



Question 4. Explain how welfare creates work disincentives. 

Your response should be at least 75 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 


Question 5. Education is often used as an example of a positive externality. Are the external benefits greater for elementary, secondary, or college education? Explain. 

Your response should be at least 75 words in length.. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. 

The textbook is called: McEachern, W. A. (2012). ECON Micro 3 (3rd ed.). Mason, OH: South-Western.