Consider two communities. In one community, ten families have incomes of 100 each and ten families have

Question:

Consider two communities. In one community, ten families have incomes of €100 each and ten families have incomes of €20 each. In the other community, ten families have incomes of €200 each and ten families have incomes of €22 each.

a. In which community is the distribution of income more unequal? In which community is the problem of poverty likely to be worse?

b. Which distribution of income would Rawls prefer?

Explain.

c. Which distribution of income do you prefer? Explain.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

Question Posted: