11. Study Questions and Problems #11Critics of welfare argue that the role of government should be to break down legal barriers to employment rather than use programsthat directly provide cash or goods and services.Identify which policy in the following table reduces poverty and which may increase poverty.PolicyA union that effectively counters a monopsony employerReduces PovertyIncreases PovertyOA union that restricts labor supply to benefit its members at the expense of nonunionized workers0

Question 11A union that effectively counters a monopsony employer would likely reduce poverty by…

Answered: 11. Study Questions and Problems #11…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 34CTQ: Many critics of government programs to help low-income individuals argue that these programs create...

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Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.
5. Discrimination in the labor market The following table lists the name, gender, height, and minimum wage 10 people are willing to accept to work as sales clerks at a high-end clothing store. Name Gender Eileen F Valerie Caroline Shen Antonio Frances Dmitri Nick Jake Latasha F F M M F M M M F Height (Inches) 66 66 68 70 70 66 71 70 63 68 Minimum Wage (Dollars per week) $301 $325 $349 $362 $386 $410 $423 $447 $460 $484 The lowest wage that the clothing store can pay to hire five sales clerks is $ per week. Suppose the head of the clothing store has a preference for tall employees because he thinks it will increase revenue, and thus, he imposes the restriction that all sales clerks hired must be at least 67 inches in height. Under this new regulation, the wage rate the clothing store must pay to attract five sales clerks rises by $ per week.
lesser degrees Question 71 A white male from the Midwest earns $50,000 a year and a white female earns $40,000 a year. What can we conclude about this situation? O There is no discrimination present. O The white female is being discriminated against by $10,000. O The white female is being discriminated against, but the amount is less than $10,000. O The white female is being discriminated against, but the dollar amount is unclear. O There is not enough information to know whether discrimination exists.
1. write a short essav tha summarizes the problems by which the official poverty rate is determined.2. Sit down with some classmates and estimate what a family of four (two parents, two voung children) in your area would have to day annually for food. clothing. shelter. energy, and other necessities of lite. What figure do you end up with? How does this sum ot money compare with the official poverty line of 22,213 in 2010 for a family of four?3. Why do you think the maiority of Americans assume poor people lack the motivation To WORK4. Explain to a friend how labor force participation data indicate that it is inaccurate to think that poor people lack the motivation to work.
Ten college students have accepted job offers for the year after they graduate. Their starting salaries are given here. Organize the data into quintiles and then, using these data, draw the Lorenz curve for this group. Finally, calculate the relevant Gini coefficient. Becky $42000 Billy $20000 Charlie $31000 Kasia $24000 Nina $34000 Raul $37000 Rose $29000 Thomas $35000 Willis $60000 Yukiko $32000 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
5. Michael, Inc., a manufacturer of electric guitars, is a small firm with 50 employees. The table below shows the hourly wage distribution of the employees. Hourly Wages (In Dollars) Number of Employees 10 - 13 8 14 - 17 12 18 - 21 20 22 - 25 10 a. How many employees receive hourly wages of at least $18? b. What percentage of the employees have hourly wages of at least $18? c. What percentage of the employees have hourly wages of less than $14?
Explain the feminization of poverty?
Quantity of Labor Supplied Wage Total Cost of Marginal Cost of Marginal Revenue Labor $10 Labor Product $30 $25 $21 $18 $15 50 $10 $500 $1200 100 $12 150 $15 $18 $20 $2250 $3600 $5000 $21 $27 $28 200 250 Use the labor market data for a monopsony employer above. Find the wage and quantity of labor the firm will hire. $12; 100 $25; 100 O$15; 150 $21; 150
6. Assume that 50% of New Yorkers receive an equal portion of the city's 30% income, while the remaining 50% halves the remaining income. Calculate the Gini coefficient for New York by drawing this situation on a graph. What is the 90/10 salary disparity?
In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?
Will a free market tend to encourage or discourage discrimination? Explain briefly.
Does the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?

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