Unit 4: Labor and Efficiency: Resource Markets, Inequality, and Immigration

Lesson 20a: Income Inequality and Discrimination

Key Terms

 

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Key Terms:

income inequality, quintile, Lorenz curve, Gini ratio (Gini coefficient), income mobility, transfer payment, progressive income tax, noncash transfers, equality-efficiency trade-off, discrimination, occupational segregation, President Trump example, guaranteed basic income (also called "universal basic income" and "unconditional basic income")

 

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Lesson 20a