Describe economic inequality in America. i. Compared with other countries or with the United States in...

 

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Describe economic inequality in America. i. Compared with other countries or with the United States in the past, how unequal is the distribution of income? ii. Who is rich and who is poor ? Are there demographic differences between rich and poor Americans? a. b. (1 points) Should we equalize income for all Americans? Explain the utilitarian argument for egalitarian social policies. c. (1 points) Arthur Okun argues that we can redistribute income from rich to poor only in a "leaky bucket" where some is lost along the way. Why does Okun think there is a trade-off between equality and efficiency? Is he right? Describe economic inequality in America. i. Compared with other countries or with the United States in the past, how unequal is the distribution of income? ii. Who is rich and who is poor ? Are there demographic differences between rich and poor Americans? a. b. (1 points) Should we equalize income for all Americans? Explain the utilitarian argument for egalitarian social policies. c. (1 points) Arthur Okun argues that we can redistribute income from rich to poor only in a "leaky bucket" where some is lost along the way. Why does Okun think there is a trade-off between equality and efficiency? Is he right?

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a i Great Depression last so long Economists have been hard pressed to explain why prosperitys decade ended in financial disaster In 1929 the American economy appeared to be extraordinarily healthy Em... View the full answer