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Proponents of a Basic Income (or Negative Income Tax) argue that it is a superior method of addressing income inequality than the Minimum Wage. First, briefly explain in what sense the Basic Income is less disruptive to labor markets than the Minimum Wage. Second, discuss how, in a parallel universe with NO minimum wage but a Basic Income of approximately 2/3 of minimum wage, the life o the 'working poor' would be different. Feel free to be creative.
Which of the following statements is true about extensive-form games?
Which of the following criteria must be satisfied when selecting a policy? instrument?
Federal Express (a package company) lobbying the U.S. Department of Transportation to increase annual terminal fees at airports. Sailboat manufactures lobbying to increase the tolls on New York City’s George Washington Bridge.
A firm in a monopolistically competitive market faces a- downward sloping demand curve because the firm's product is different from those offered by other firms. downward-sloping demand curve because there are only a few firms in the market.
assume that every driver faces a 1 probability of an automobile accident every year. an accident will on average cost
Was innovation accelerated or suppressed by the government monopoly granted to Fulton? Why? How did innovation change after the monopoly was broken?
Elucidate how would an increase in airfares affect the number of highway fatalities in any one year
Suppose 4 neighboring farmers want irrigation and flood control systems. Each farmer can install one system for $15,000, and is willing to do so. If 2 farmers go together they can build a joint system for $25,000, and 3 can build one system for a tot..
The mayor of new monopoly realizes that the congestion at the port cost the shipping companies and his town money. Which decision would not move him towards a command economy?
Find out the equilibrium price and quantity that will prevail in the market. At a price of $10, would there be a surplus or shortage.
Explain the concepts of scarcity also choice also elucidate how they function in economic system.
How would you go about developing a value for k? What are the potential weaknesses of this model?
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