Distinguish between size and functional distributions of income in a nation. Which do you conclude is the

Question:

Distinguish between size and functional distributions of income in a nation. Which do you conclude is the more appropriate concept? Explain your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economic Development

ISBN: 9780138013882

11th Edition

Authors: Michael P. Todaro, Stephen C. Smith

See More Books

Question Posted: Feb 10, 2024 01:02 AM

See More Questions

In your opinion, what was the most important concept you learned in this accounting course (list one and only one) Defend your answer
If you need to compute convexity of a fixed-income security what would be desirable or undesirable convexity for an FI? Explain your answer
Primary Source Document with Questions (DBQs) on EXCERPTS FROM THE TREATY OF NANJING, AUGUST 1842 agreeable to the Tariff, to be hereafter fixed, such Merchandise may be conveyed by Chinese...
A survey of U.S. adults found that 33% name professional football as their favorite sport. You randomly select 14 U.S. adults and ask them to name their favorite sport. Find the probability that the...
Write an essay on "Sweat" By Zora Neale Hurston
Do firms have the right to drug test all job applicants and refuse to hire applicants who test positive for drug use, even if the job in question has no safety or sensitivity concerns?
(a) A brick slides more easily on ice than on wood. For which combination (brick on ice or brick on wood) is $\mu_{s}$ larger? (b) For rubber on dry asphalt, $\mu_{s}$ is about 1 . Ignoring any...
Division A offers its product to outside markets for $30. It incurs variable costs of $11 per unit and fixed costs of $75,000 per month based on monthly production of 4,000 units. Division B can...
(a) A Ltd. has issued convertible bonds, which carries a coupon rate of 14%. Each bond is convertible into 20 equity shares of the company A Ltd. The prevailing interest rate for similar credit...
What is meant by absolute poverty? What measures of income poverty are favored by development economists? How do these measures differ from the UNDPs Multidimensional Poverty Index? Why should we be...
Most development economists now seem to agree that the level and rate of growth of GNI and per capita income do not provide sufficient measures of a countrys development. What is the essence of their...
A study was recently conducted by the Bonneville Power Association (BPA) to determine attitudes regarding the associations policies in western U.S. states. One part of the study asked respondents to...
What is the gauge pressure of the air inside an alveolus having a radius of 250 m if the surface tension of the fluid-lined wall is the same as for soapy water (37), and the gauge pressure in the...
Kubin Company's relevant range of production is 27,000 to 29,000 units. When it produces and sells 28,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable...
Slick Mountain Ski Rental Company incurred the following costs and ski rental hours during the following three months of the current year. Assume that the driver for all variable costs is ski rental...
A concentric tube heat exchanger is used to evaporate boiler feed water into low pressure steam. Hot oils flows through the inner tube and the water/steam flows through the outer tube. The boiler...
Reliance Steel Company produces automobile bumpers, sold for $90 per bumper. Cost data are as follows: Materials cost is $42.00, labor cost is $14.00, and allocated overhead is $26.25 per unit. Each...
Digital X-Ray, Inc., has introduced a new line of equipment that may revolutionize the medical profession. Because of the new technology involved, potential users of the equipment are reluctant to...
If a process has a six-sigma capability, what is the process capability index? a. 1 b. 2 c. 6 d. 12
Consider a second possible reason to hire permanent labor, which is to carry out tasks that cannot be easily monitored by the employer. In this case, the only punishment power that the employer might...
Suppose that spot market wages fluctuate between the two values $50 and $100, each with probability 1/2. Suppose that a risk-averse worker dislikes fluctuations in income and wants to smooth out...
(a) We showed that with a large supply of labor (and with no long-term storage or borrowing effects), the equilibrium piece rate settles at the level where the line describing the piece rate is...
A business analyst should be able to identify the strengths and weaknesses of any corporate framework and translate them into opportunities and threats. After reviewing the SWOT model from this weeks...
You have been hired as deputy director of the Human Resources Department of a company. The director calls him and tells him that she is considering a suggestion to the Board of Directors that the...
(3) Find the number of ordered arrangement of three objects out of five objects A, B, C, D, E. [2 marks] (4) A fellowship committee is considering 30 candidates for 3 awards. (a) If the first award...

Distinguish between size and functional distributions of income in a nation. Which do you conclude is the

Question:

Step by Step Answer:

In the context of economics the terms size distribution of income and functional distribution of income refer to two distinct ways of describing and a...View the full answer

Economic Development

Students also viewed these Business questions