iPad 10:18 PM 12% bconline broward edu My Home Eco2023 MICROECON... Wolf Horace
ID: 1196797 • Letter: I
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iPad 10:18 PM 12% bconline broward edu My Home Eco2023 MICROECON... Wolf Horace Question 13 (1 point) For most developing nations income redistribution can significantly reduce the poverty rate. O economic growth will increase income disparity. O economic growth will reduce income disparity. O poverty can be eliminated with transfers from developed countries. Save Question 14 (1 point) The service economy: is an increasingly smaller part of the total economy. O uses primarily lower-wage employees. O requires higher-skilled and higher-educated employees than the manufacturing sector. O is more important in other countries than in the United States Save Question 15 (1 point) The Lorenz curve can be used to analyze the distribution of income, not wealth, because wealth is a stock concept. True False Save Ouestion 16 (1 point)Explanation / Answer
For most developing nations income redistribution is a significant part of policy making in an economy. The redistribution of income by the government is the best and most efficient method to reduce the people below poverty line in the economy. The redistribution is more significant in the developing economies than the developed ones.
The service economy is very important part and sector of any industrializedd economy today. Though many a times it has been observed that it employs low wage employees.
The lorenz curve also analyze the inequality of wealth in a country. True.
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