Why do most modern societies try to reduce poverty

Assignment Help Business Economics
Reference no: EM13801721

Why do most modern societies try to reduce poverty? Why don’t they do so by simply passing a law requiring everybody to have the same income? Explain

Reference no: EM13801721

Questions Cloud

Savings bond with a coupon rate : A 10 year $20,000 savings bond with a coupon rate of 8% payable quarterly has what present worth if the purchaser anticipates a 10% quarterly rate of return?
What present worth if the purchaser anticipates : A 10-year $20,000 savings bond with a coupon rate of 8% payable quarterly has what present worth if the purchaser anticipates a 10% quarterly rate of return?
Alternative ways of helping poor people get housing : Consider three alternative ways of helping poor people get housing: government-subsidized housing costing $6,000 per year, a housing voucher worth $6,000 per year toward rent on an apartment or a house, or $6,000 per year in cash. Which would you pre..
Free golf lesson-free transportation on public buses : Which of the following possible in-kind transfers do you think raises the true income of recipients the most: free golf lesson, free transportation on public buses, or free food? Why?
Why do most modern societies try to reduce poverty : Why do most modern societies try to reduce poverty? Why don’t they do so by simply passing a law requiring everybody to have the same income? Explain
How do the rules of the game : How do the “rules of the game” help determine who will be poor and who will not? (Hint: How did the Civil Rights Act of 1964, which forbade discrimination on the basis of race, likely affect the incomes of African Americans compared to the incomes of..
What were wrexingtons imports : In the economy of Wrexinton in 2008, consumption was $500, exports were $200, GDP was $1200, government purchases were $250, and investment was $300. What were Wrexingtons imports in 2008?
Create an optimum portfolio : The following six capital projects are considered for a manufacturing company and the project will end at the end of 10 years. The initial investments for the projects are 300k, 400k, 450k, 500k, and 600k. The annual return for these projects are 80k..
National sales tax to replace our personal income tax : A candidate in the group is proposing a national sales tax to replace our personal income tax. Analyze this tax proposal to help your candidate understand its merits and demerits, so that she knows how to attack him.

Reviews

Write a Review

Business Economics Questions & Answers

  More qualified and productive worker

It is always better to hire a more qualified and productive worker then a less qualified and productive one regardless of cost.

  What is the profit-maximizing price of e-books

what is the profit-maximizing price of e-books relating to do-it-yourself topics? At the profit-maximizing quantity, what is the average total cost of producing e-books?

  What is the value of her consumer surplus

The following information describes the value Lori Landlord places on having her five apartment houses repainted. She values the repainting of each apartment house at a different amount depending on how badly it needs repainting. Value of new paint o..

  Elucidate how the relative composition

Elucidate how the relative composition of M1 changed since 1965. Do your best to explain why this change has occurred.

  Joys frozen yogurt shops have enjoyed rapid growth

Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.

  Probability of returns

If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.

  What are the potential consequences of a country having

What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country's long-term debt, what would it be and why?

  What is the price of the walkman in todays dollars

In 1980, Stewie bought a Walkman for $29. If the price index was 25 in 1980 and the price index today is 129, then what is the price of the Walkman in today's dollars?

  Defend your position using economic principles

Should price increases for products in demand be allowed during extreme times of demand ( e.g.; bags of ice, water or hotel rooms during a hurricane crisis)? Defend your position using economic principles?

  Discuss the challenges you would face if you decided

Describe the best possible distribution channel for that product or service and why that particular channel would be better than any alternatives. Discuss the challenges you would face if you decided to market your product or service on a global ..

  Johns present value of lifetime earnings in alternative

John lives for three periods. He is currently considering two alternative education-work options. Alternative 1: he can start working immediately, earning $100,000 in period 1, $110,000 in period 2, and $120,000 in period 3. Alternative 2: he can spe..

  Suppose as in the federal income tax code

Suppose as in the federal income tax code for the United States, that the representative consumer faces a wage income tax with a standard deduction. That is, the representative consumer pays no tax on wage income for the first x units of real wage in..

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