Questions from Microeconomics


Q: Describe the trend in global poverty rates.

Describe the trend in global poverty rates.

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Q: According to the FBI Bank Crime Statistics, there were nearly 4

According to the FBI Bank Crime Statistics, there were nearly 4,000 bank robberies in the United States in 2014. The FBI claims that banks have made themselves easy targets by refusing to install clea...

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Q: In a column in the Washington Post, Robert J. Samuelson

In a column in the Washington Post, Robert J. Samuelson wrote: “As for what’s caused greater inequality, we’re also in the dark. The Reagan and Bush tax cuts are weak explanations, because gains have...

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Q: A column in the New York Times observes that the “growing

A column in the New York Times observes that the “growing trend of ‘assortative mating’ is a major cause of income inequality.” a. What is assortative mating? b. How can assortative mating contribute...

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Q: Las Vegas is one of the most popular tourist destinations in the

Las Vegas is one of the most popular tourist destinations in the United States. Several years ago, the Rio Hotel and Casino in Las Vegas dropped the price of its breakfast buffet to $5.99 for local re...

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Q: Use the following Lorenz curve graph to answer the questions.

Use the following Lorenz curve graph to answer the questions. a. Did the distribution of income become more equal in 2016 than it was in 2015, or did it become less equal? Briefly explain. b. If are...

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Q: Mabel is an advocate for a “zero tolerance” policy regarding

Mabel is an advocate for a “zero tolerance” policy regarding all illegal street drugs, including cocaine, marijuana, and heroin. Mabel has witnessed high crime and violence in her neighborhood and bel...

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Q: An article in the New York Times about former Secretary of State

An article in the New York Times about former Secretary of State Hillary Clinton’s campaign for president noted that she proposed to “increase taxes on the wealthiest Americans to combat a widening ga...

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Q: An article in the Wall Street Journal explained that the 10 wealthiest

An article in the Wall Street Journal explained that the 10 wealthiest four-year colleges in the United States accounted for one-third of the total cash and investments held by all four-year colleges....

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Q: Identify whether each of the following transactions will take place in the

Identify whether each of the following transactions will take place in the factor market or in the product market and whether households or firms are supplying the good or service or demanding the goo...

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