answer the following
Questions
I.
Each of the following questions should be
answered in one paragraph each in your own words.
Each Question is
worth up to 1 point.
1.
Define the idea of inequality according to Ferreira
2.
Define the idea of pay according to Galbraith
3.
What is income and how are its main types
defined according to Galbraith ?
4.
Define the idea of wealth according to Galbraith
5.
What is the paradox of the study of inequality
according to Galbraith?
II.
Each of the following questions should be answered two
paragraphs each in your own words
Each question is
worth up to 2 points.
1.
Why is inequality a “bad thing” according to Ferreira
and Galbraith?
2.
According to Ferreira there is disagreement
about the exact levels and trends of income inequality. Does Galbraith agree?
Why?
3.
What categorical types of inequality do Ferreira
and Galbraith say are more salient than others?
4.
What measures of Inequality does Galbraith argue
are the most effective and why?
5.
What are the causes of inequality according to
Ferreira and Galbraith?
III.
Each of the following short essay questions
should be answered in four paragraphs in your own words:
Each question is
worth up to 5 points.
1. Why does Galbraith argue that wealth
equals power, what sort of negative economic, political and social consequences
does he point to that result from wealth inequality? Do you or disagree with
him? Why? Why not?
(To answer this question you will
need to discuss why Galbraith argues wealth equals power, provide an overview
of the negative economic, political and social consequences he points to, and
why you do or do not agree with him)
2. What policies do Ferreira and
Galbraith imply will be effective in reducing inequality? Which policies do you
think will be the most effective in reducing inequality? Why?
(To answer this question you will need to discuss which
policies Ferreira and Galbraith argues would effectively reduce inequality,
which policies you think would be most effective, and why.)
Extra credit 1 point
What did you think of how the
class time was structured in the class? What steps do you think could have been
taken to improve participation and active learning?
Rubric: Assignments will be
graded by using the following criteria.
responses to the questions
that provide:
(a) Full and accurate
information
(b) Evaluations that are based
on sound and solid reasoning.
