Many Government programs both redistribute income and correct a market failure. What are themarket failures associated with each of these programs, and how else might they be addressed ifthere were no distributional objectives?a) Student loan programsb) Free educationc) public support for universitiesd) Social Securitye) Support for establishment of Zambia Management Environmental Agency

Government programs often aim to both redistribute income and correct market failures, reflecting a…

Answered: Many Government programs both…

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter20: Poverty, Inequality, And Discrimination

Section: Chapter Questions

Problem 2DQ

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Similar questions

Why social entrepreneurship plays an important role in the poverty reduction of the country?
1. give at least three (3) government programs or policies that you believe are effective ataddressing the nexus of poverty and unmet health and education needs of poorfamilies in our country. 2. Explain why they are effective and you may give concrete examples.
Describe how antipoverty programs can discouragethe poor from working. How might you reduce thisdisincentive? What are the disadvantages of yourproposed policy?
This chapter discusses the importance of economicmobility.a. What policies might the government pursue toincrease economic mobility within a generation?b. What policies might the government pursue toincrease economic mobility across generations?c. Do you think we should reduce spending oncurrent welfare programs to increase spending onprograms that enhance economic mobility? Whatare some of the advantages and disadvantages ofdoing so?
How can Universal Basic Income be implemented in Afghanistan suceelfully ?
what political, economic, religious and other social factors influence population policy considerations?
Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage labor market, explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers, but a substitute for low-come workers like file clerks and telephone receptionists.
Which statements are TRUE? 1. Solving poverty has to be done from macroeconomic and microeconomic levels. 2. Where to Meet Dilemma is the situation where parties know that it is better to cooperate than compete yet they do not know how to do so. 3. The Kuznets Curve is a graphical presentation of the relationship of the Gini coefficient and GNI per capita. 4. The formal sectors is the part of the urban economy that is characterized by small competitive individuals or small firms, petty retail trade and services, labor-intensive methods, free entry and market determined prices. 5. The Comprehensive Agrarian Reform Program is a means of asset distribution. 6. The Social Amelioration Program is a subsidy. 7. Poverty is a cause and effect of other economic problems. 8. Information, communication and coordination between and among government institutions are requisites of successful economic development program implementation. 9. A super-entrepreneur can solve poverty in any nation. 10.…
Inequality, Social Insurance, and Redistribution-End of Chapter Problem Suppose one of your friends says that they pay taxes for no reason because the governmènt just hands cash out to people who do not truly deserve or need it. Your friend then says, "the system would be more productive if they made sure peopl who receive help are the ones who need it." Consider the tools that the government uses to help ensure aid goes to those in need, a. The social safety net programs fall into one of two categories: wealth or income. progressive or regressive. means-based or social insurance. relative or absolute. b. For aid qualification, people receiving aid must meet low income requirements, while aid is designed to insure everyone against bad outcomes. c. Another tool of the U.S. government is to provide transfers, such as SNAP benefits, instead of cash.
QUESTION 4 The Myth of Global Poverty is: O Global poverty is a myth, meaning it doesn't exist and most of the worlds population have equal opportunity O UN development statistics only make it seem like so many people are impoverished O The 1st world is actually more impoverished becuse it has a greater amount of debt O Poverty is often incorrectly assumed to simply be a lack of resources, but people experience poverty locally and for different reasons. QUESTION 5 According to your textbook, the authors experiences working on a development project found that people located furthest from the project area (donors and administrators) were most interested in: O Understanding what local communities were most interested in O Projects that saved them money O Big picture issues like healthcare access and clean water O Harmful traditional practices"
In your perspective, what is poverty? State a reason why a resolution is necessary Show the plan to be acted uon the given problems in comparison t the existing practice in the community
All of the following are in-kind benefit programs, except O SSI. Medicaid. food stamps. energy assistance.

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