Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have

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Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each.
a. In which community is the distribution of income more unequal? In which community is the problem of poverty likely to be worse?
b. Which distribution of income would Rawls prefer? Explain.
c. Which distribution of income do you prefer? Explain.
d. Why might someone have the opposite preference?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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