10 question and a journal about The Economics of Inequality

Question Description


I need your help to read this : Reading.pdf 

And answer these 10 questions : Questions.docx 

Then write a journal about : 

The readings in Part V of your textbook make a compelling case that income and wealth are sharply divided along race, class, and gender lines in America. Reflecting on your values and focusing now on class, specifically, does it bother you that there is such a large gap between America's elite and the middle class? Is income inquality a pressing social problem? Is wealth inequality a pressing social problem? Why or why not? You may make use of arguments presented by the readings in this section to help you make your points. 

Your entry should be 300-600 words in length.

Unformatted Attachment Preview

QUESTION 1 1. In Holly Sklar's essay "Imagine a Country," she points out that the richest 1% of American households have nearly doubled their share of the nation's wealth since the 1970's, giving them more wealth than the bottom 80% of households combined. True False 3 points QUESTION 2 1. According to Holly Sklar's essay "Imagine a Country," CEO's of major American corporations have been paid the following amounts over time: A. In 1980, CEO's made 45 times the pay of average full-time workers B. In 1991, CEO's made 150 times the pay of average full-time workers C. In 2007, CEO's made 353 times the pay of average full-time workers D. A&B E. A&C F. All of the above 3 points QUESTION 3 1. Per David Cay Johnson's article "Income Gap is Widening," roughly half of the total income Americans earned in 2005 went to the top 10% of earners. True False 3 points QUESTION 4 1. According to data shared in Gabriel Thompson's essay entitled "Meet the Wealth Gap," the security guard of hedgefund manager John Paulson, Timothy Williams, would have to work for more than 10 years at an hourly wage to make what Paulson made in one hour in 2007. True False 3 points QUESTION 5 1. According to Chuck Collins and Felice Yeskel in their article "Billionaires R Us," policies that generate wealth for America's elite at the expense of the working poor can be disproportionately attributed to Reppublican party presidential administrations and Congresses. True False 3 points QUESTION 6 1. In Bob Herbert's article "Shhh, Don't Say 'Poverty,'" it is suggested that of the roughly half a million households in New York with incomes too low to cover basic needs, more than half consist of single individuals without children who work for an hourly wage at menial jobs. True False 3 points QUESTION 7 1. Per Dedrick Muhammad's article entitled "Race and Extreme Inequality," the income gap between blacks and whites has improved considerably since the civil rights movement of the 1960's, but homeownership rates remain vastly disproportionate across races. True False 3 points QUESTION 8 1. In his article entitled "Forty Acres and a Gap in Wealth," Henry Louis Gates Jr. argues that the biggest gap in black prosperity isn't income but wealth, particularly the sort of wealth related to property-ownership. True False 3 points QUESTION 9 1. Per Meizhu Lui et al, in the essay "The Economic Reality of Being Latino/a in the United States," more than half of all Latino households in 2003 earned less than $40,000.00, possibily due to low high school completion rates, especially among native-born Latinos. True False 3 points QUESTION 10 1. In the essay "The Economic Reality of Being Asian American," Meizhu Lui et al. argue that data about AsianAmerican income obscures staggering poverty rates among Asian-Americans. True False 3 points Click Save and Submit to save and submit. Click Save All Answers to save all answers. ...
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Final Answer

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