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Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second distribution, all ten people have incomes of $25,000.
If the society had the first income distribution, the utilitarian would argue that the marginal utility of income for the person with an income of $10,000 is lower or higher than the marginal utility of income for someone with an income of $30,000? Should income be redistributed?
Rawls considers which distribution to be more equitable? While Nozick considers which distribution to be more equitable?
What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?
Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area.
I am a manager in a governmental agency. I have no control over compensation policy. All workers are paid the same salary.
Suppose you are a junior analyst at a well-known mutual fund corporation and are assigned to value, say, the stock of General Electric.
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld or SA.
Explain how do you examine the higher demand has affected the equilibrium wage. In which direction do you think the labor supply and demand shifted.
What are reliable predictors of economic and financial crisis? Describe some achievements and pending issues in context of global crisis? Are we still in danger of economic and financial crisis today?
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Do you think it is correct for the European Commission to restrict mergers between American companies that do business in Europe? (For example, the European Commission vetoed the proposed merger between WorldCom and Sprint, both U.S. companies
Ruby has purchased a new home that needs repair. She has gained approval for a home improvement line-of-credit for $100,000 that she will use, along with her personal earnings, to fix up the house over three years. Interest on line-of-credit loans..
If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank declares.
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