When China embarked on market changes towards urbanization and manufacturing in 1978, urban disposable incomes were 2.6 times greater than rural net income. By 2008 they were 3.3 times bigger. Which of the following have the market changes sketched above have most likely NOT caused?
A) Increased income inequality between rural and urban populations
B) A movement towards a bell-shaped distribution of income
C) An increased Gini ratio
D) The Lorenz curve for income to move further away to the line of equality
Correct Answer:
Verified
Q260: The U.S. tax system
A) reduces inequality and
Q261: The big tradeoff between equality and efficiency
Q262: Which of the following REDUCES equality of
Q263: One way the United States has tried
Q264: The decrease in the incentive to work
Q266: Income redistribution
A) creates an income distribution that
Q267: Suppose that the income tax in the
Q268: If a tax was instituted such that
Q269: With respect to redistribution, one reason "The
Q270: Pamela Michelle Scott, a low income single
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents