According to the World Bank, regarding the consumption, we can say that (choose the right answer):
A) The internal consumption of a country is often smaller than the external consumption (export).
B) The internal consumption of a country is often bigger than the external consumption (export).
C) The internal consumption of a country is similar to the external consumption (export).
D) The internal consumption is not an important percentage of the GDP.
E) Generally speaking, the majority of countries in the world have external consumption bigger than the internal consumption.
equality of opportunity According to this principle every individual or citizen should be offered the same opportunities in terms of safety, nutrition, health care, education and access to quality jobs, but not the same job, income, consumption, standard of life or wealth at the end of their life, which depend instead on their effort and skills.
equality of outcomes or results Individuals achieve the same ends, for example the same incomes, levels of consumption, standards of life and wealth. This is the outcome of extreme egalitarian policies.
Gini index or coefficient An indicator of inequality. Its values range between the extremes of 0, when all incomes or the wealth of all individuals are equal (fully egalitarian society) and 1 when one individual receives all the income or owns all the wealth and the remaining individuals earn and have nothing (totally non-egalitarian society).
household An individual who has a house.
inequality of opportunity Individuals are denied access to institutions or employment, limiting their ability to benefit from living in a market economy.
Comment by gustavorinaldi
February 3, 2023 @ 12:20 pm
Inequality (look for the wrong)
One explanation concerns technology. According to this explanation, the introduction of IT and the internet, and of automation in general, reduces the need for many routine and clerical jobs, leaving room only for jobs requiring very few skills and generating low salaries, or else for very sophisticated jobs requiring very advanced skills and generating high salaries for those few persons who have those skills.
Some workers are exposed to the effects of trade because they produce traded goods, other workers are not.
The third explanation refers to increased capital mobility.
State interventions always create greater inequality and corruption.
A single international tax could contribute to reduce inequality
Comment by gustavorinaldi
February 3, 2023 @ 12:32 pm
What are the main causes of inequality?
Technological advancements, exposition to the effects of trade, the easiness in moving financial capital
Low interest rates, expansionary policies and inflation
High corporate taxes, low interest rates and trade surplus
Recessions, positive government spending and high demand
High government transfers, positive government spending and international coperation in corporate taxes
Which of the following statements is true about inequality?
when it increases, average propensity to consume increases
it usually increases corporate sales
when it increases, average propensity to consume decreases
supports investment, since a lower taxation on rich people can make them spend more
has nothing to do with capital mobility
Essentially, income inequality is low when a few people earn a very large share of the total income of a country and the remainder of the population earns a very small share of the total.
Inequality negatively affects health: a rich country, for example the U.S. probably has health levels worse than those of poorer countries such as Spain because its levels of inequality are higher.
Wealth can also be distributed in a near uniform way or not.
Some stress the importance of equality of opportunity: the opportunity of growing up healthy, of receiving an education, and using one’s available skills and knowledge to the maximum possible extent.
Inequality also relates to age, class, and gender or exists between urban and rural dwellers.
Comment by gustavorinaldi
August 23, 2023 @ 3:42 pm
GustavoRinaldi's Academic Site
According to the World Bank, regarding the consumption, we can say that (choose the right answer):
Comment by Marco M. May 2, 2020 @ 6:58 amA) The internal consumption of a country is often smaller than the external consumption (export).
B) The internal consumption of a country is often bigger than the external consumption (export).
C) The internal consumption of a country is similar to the external consumption (export).
D) The internal consumption is not an important percentage of the GDP.
E) Generally speaking, the majority of countries in the world have external consumption bigger than the internal consumption.
ok
Comment by gustavorinaldi January 5, 2023 @ 12:32 pmLook for the wrong one:
equality of opportunity According to this principle every individual or citizen should be offered the same opportunities in terms of safety, nutrition, health care, education and access to quality jobs, but not the same job, income, consumption, standard of life or wealth at the end of their life, which depend instead on their effort and skills.
equality of outcomes or results Individuals achieve the same ends, for example the same incomes, levels of consumption, standards of life and wealth. This is the outcome of extreme egalitarian policies.
Gini index or coefficient An indicator of inequality. Its values range between the extremes of 0, when all incomes or the wealth of all individuals are equal (fully egalitarian society) and 1 when one individual receives all the income or owns all the wealth and the remaining individuals earn and have nothing (totally non-egalitarian society).
household An individual who has a house.
inequality of opportunity Individuals are denied access to institutions or employment, limiting their ability to benefit from living in a market economy.
Comment by gustavorinaldi February 3, 2023 @ 12:20 pmInequality (look for the wrong)
Comment by gustavorinaldi February 3, 2023 @ 12:32 pmOne explanation concerns technology. According to this explanation, the introduction of IT and the internet, and of automation in general, reduces the need for many routine and clerical jobs, leaving room only for jobs requiring very few skills and generating low salaries, or else for very sophisticated jobs requiring very advanced skills and generating high salaries for those few persons who have those skills.
Some workers are exposed to the effects of trade because they produce traded goods, other workers are not.
The third explanation refers to increased capital mobility.
State interventions always create greater inequality and corruption.
A single international tax could contribute to reduce inequality
What are the main causes of inequality?
Comment by gustavorinaldi June 18, 2023 @ 2:31 pmTechnological advancements, exposition to the effects of trade, the easiness in moving financial capital
Low interest rates, expansionary policies and inflation
High corporate taxes, low interest rates and trade surplus
Recessions, positive government spending and high demand
High government transfers, positive government spending and international coperation in corporate taxes
Which of the following statements is true about inequality?
Comment by gustavorinaldi June 18, 2023 @ 2:32 pmwhen it increases, average propensity to consume increases
it usually increases corporate sales
when it increases, average propensity to consume decreases
supports investment, since a lower taxation on rich people can make them spend more
has nothing to do with capital mobility
Look for the wrong:
Essentially, income inequality is low when a few people earn a very large share of the total income of a country and the remainder of the population earns a very small share of the total.
Inequality negatively affects health: a rich country, for example the U.S. probably has health levels worse than those of poorer countries such as Spain because its levels of inequality are higher.
Wealth can also be distributed in a near uniform way or not.
Some stress the importance of equality of opportunity: the opportunity of growing up healthy, of receiving an education, and using one’s available skills and knowledge to the maximum possible extent.
Inequality also relates to age, class, and gender or exists between urban and rural dwellers.
Comment by gustavorinaldi August 23, 2023 @ 3:42 pm