Income Inequality - Micro/Macro - Causes/Effects/Policies

Question 1

Micro causes of Income Inequality

Answer 1

Education
Capital Intensive Production
Technology

Question 2

Macro causes of Income Inequality

Answer 2

Recession
Globalisation
Gov Policies

Question 3

Micro effects of Income Inequality

Answer 3

Incentive to be educated
Incentive to work

Question 4

Macro effects of Income Inequality

Answer 4

Living Standards
Growth

Question 5

Micro Policies to reduce Income Inequality

Answer 5

Minimum Wage

Question 6

Macro Policies to reduce Income Inequality

Answer 6

Progressive Income tax
Fiscal Policy