What accounts for the rising inequality in the United States since the 1970s? Does rising inequality...

What accounts for the rising inequality in the United States since the 1970s? Does rising inequality reflect rising productivity for some Americans over others?

Expert Solution

Rahul Sunny answered 1 year ago

What has happened to the cost of health care in the United States since the early 1970s?

a) What has happened to the cost of health care in the United States since the early 1970s? What has happened in other countries, countries who do not have private health insurance? b) Why might people expect private, for profit health insurance companies to be more efficient than a government system? Why has private health insurance led to higher costs? c) Why has private health insurance led to worse health outcomes for Americans?

The United States has run persistent trade deficits since the late 1970s, while Germany has had...

The United States has run persistent trade deficits since the late 1970s, while Germany has had trade surpluses since the 1990s. Is either position inherently good or bad? Explain.

Describe the causes of income inequality in the United States.

What is the current level of income inequality in the United States? What do you think...

What is the current level of income inequality in the United States? What do you think is more important to focus on when considering inequality: income inequality or wealth inequality? Justify your answer.

1. In the 1970s, the United States federal government created a Department of Energy. This is...

1. In the 1970s, the United States federal government created a Department of Energy. This is a time when the OPEC (Organization of Petroleum Exporting Countries) cartel first became prominent. Identify how this action might have impacted the three major macroeconomic goals of our economy. 2. Suppose you live in a community of 100 people where everyone is able and seeks to work. If 80 people are over 16 years old and 72 of them are employed, what is the...

What does United States GDP measure and what should United States GDP measure?

Discuss why there is such income inequality within the United States. What role does the American Dream play in the context of this financial reality?

why the United States was “asleep at the wheel during the early 1970s” soon leading to...

why the United States was “asleep at the wheel during the early 1970s” soon leading to losses in competitiveness against Honda/Toyota/Sony. (Do not include wages)

2. Why has marriage declined since the 1970s? Why does it persist?

Question No 2: In the United States of America, there is wide spread inequality among the...

Question No 2: In the United States of America, there is wide spread inequality among the people. Rich becomes richer and poor becomes poorer. The reason for this inequality is the economic system that they follows. What economic system do you think United States is following? Identify and explain. Also, evaluate four advantages and disadvantages of this economic system in detail. [Answer in 300 – 400 words]

Question