Homework answers / question archive / As you have learned in this module, markets do not always work efficiently

As you have learned in this module, markets do not always work efficiently

Economics

Share With

As you have learned in this module, markets do not always work efficiently. There is often a trade off between efficiency and equity. While our economy has been growing, so has income inequality and poverty. 

Instructions

Please do some research at Gapminder Dollar Street (Links to an external site.) and learn about how  families in other countries live. Then choose a family and look up what the Gini Coefficient (in this case use the Gini Index which is the same thing) for the country from the World Bank data (Links to an external site.) that they live in. After conducting this research, please share your findings by answering the questions below. 

• Which family did you choose and why were you interested in them? Where are they from?
• Tell us what you you have in common with them and what is very different. 
• Did anything surprise you about what you learned? Why or why not?
• What is the Gini Coefficient (Gini Index) for their country? How does it compare to what you expected? And how does it compare to the USA's Gini Coefficient (Gini Index)?

1. Post your answers to these questions.
2. After posting to the discussion, please be sure to comment on what you like about at least two other students’ posts.