Quiz Final Exam [COM 10 Sprlni x Course Hero , 6 x | u Verify PamordlCourse Hem x | + C Q] https://4Cd.in5tructu re.com/courses/73 311/quizzeS/369890/take Spring 2022 D Home Modules Syllabus Assignments | Quizzes Discussions Grades People Collaborations Chat LMC Library Ofce 365 Starsh TechConnect Zoom Student Support Services LMC Virtual Tutoring Microsoft Teams classes Question 35 2.25 pts Which of the following is true about inequality in the United States over the last century? 0 Unfortunately, all of these are true. 0 The top 0.1% of the wealth distribution owns just as much wealth as the bottom 90% of the wealth distribution. 0 Inequality has been approximately Ursha ped, reducing throughout the rst three quarters of the 20th century but the growing since 1977 to where we are now back to early 20th century levels of income and wealth inequality. 0 The bottom 40% of the wealth distribution owns just 0.3% of the nation's wealth whereas the top 20% owns 84% of the nation's wealth. Question 36 2.25 pts Which of the following is not one of the ways we measure income inequality? 0 Income sha res of the households with the most income. 0 Income shares of the households with the most income relative to the income shares of the poorest households. 0 The minimum wage. O The Gini Coefcient. ,0 Type here to search Quiz Final Exam [COM 10 Spnn: x Course Hero . 6 x | u Verify PameldlCourse Hem x | + C Q] https://4Cd.in5tructu re.com/courses/73 311/quizzeS/369890/take SpringZDZZ Home Modules Syllabus Assignments | Quizzes Discussions Grades People Collaborations Chat LMC Library Ofce 365 Starsh TechConnect Zoom Student Support Services LMC Virtual Tutoring Microsoft Teams classes ,0 Type here to search D Question 35 2.25 pts Which of the following is true about inequality in the United States over the last century? 0 Unfortunately, all of these are true. 0 The top 0.1% of the wealth distribution owns just as much wealth as the bottom 90% of the wealth distribution. 0 Inequality has been approximately Ursha ped, reducing throughout the rst three quarters of the ZOth century but the growing since 1977 to where we are now back to early 20m century levels of income and wealth inequality. 0 The bottom 40% of the wealth distribution owns just 0.3% of the nation's wealth whereas the top 20% owns 84% of the nation's wealth. Question 36 2.25 pts Which of the following is not one of the ways we measure income inequality? 0 Income shares of the households with the most income. 0 Income shares of the households with the most income relative to the income shares of the poorest households. 0 The minimum wage. O The Gini Coefcient. Quiz: Final Exam ECON 10 Spring X *Course Hero X *Verify Password | Course Hero X + X -> C https://4cd.instructure.com/courses/73311/quizzes/369890/take . . . OS MEDANO Spring 2022 COLLEGE Home D Question 37 10 pts Modules Syllabus Explain the difference between government failure and market failure. In doing so, choose two forms of market failure and explain why and how the market fails. Similarly, choose two examples of government failure and explain Assignments why and how the government policy affects the market. Quizzes Edit View Insert Format Tools Table 898 Discussions 12pt v Paragraph B I U A V Q V T V P V E V B V BV y v .. . Grades People Collaborations ? Chat LMC Library Office 365 Starfish TechConnect Zoom Student Support Services LMC Virtual p O words > : ::: Tutoring Microsoft Teams classes 3:57 PM Type here to search 994 87'F Sunny 5/19/2022 EQuiz: Final Exam ECON 10 Spring X *Course Hero X *Verify Password | Course Hero X + X -> C & https://4cd.instructure.com/courses/73311/quizzes/369890/take Al . . . OS MEDANO Spring 2022 COLLEGE First, using the idea of externalities (positive and/or negative) discuss the implications of an individual who has Home COVID-19 going on a flight to travel. Who is the buyer and who is the seller fro the airplane ticket, and are there any externalities? Modules Syllabus Second, again using the idea of externalities, discuss the implications of an individual deciding to purchase a Assignments COVID-19 vaccine from their health provider. Are there any positive and/or negative externalities associated with Quizzes this market interaction? Based upon your answer, do you think there would be an efficient level of vaccines administered if left to a private market, too few vaccines administered, or too many? Explain. 898 Discussions Grades Lastly, consider the research and development of the COVID vaccine itself. Is that research a public good? Explain. People Collaborations Edit View Insert Format Tools Table 12pt v Paragraph B I U Av &V TV Q V BV GV BV . .. ? Chat LMC Library Office 365 Starfish TechConnect Zoom Student Support Services LMC Virtual Tutoring Microsoft Teams classes 3:57 PM Type here to search 87'F Sunny 5/19/2022 E