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Question1. Determine what factors have contributed to increased income inequality since 1969?
Question2. Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires? Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income equality equitable?
Question3. Analyze in detail: "There need be no tradeoff between equality and efficiency. An 'efficient' economy that yields an income distribution that many regard as unfair may cause those with meager incomes to become discouraged and stop trying. So efficiency may be undermined. A fairer distribution of rewards may generate a higher average productive effort on the part of the population, thereby enhancing efficiency. If people think they are playing a fair economic game and this belief causes them to try harder, an economy with an equitable income distribution may be efficient as well."
All semester we have been tracking the economy to discern where it currently resides along the business cycle and where it seems to be headed over the next 6-9 months.
Elcidate how slower inventory turnovers, slower receivables collections, or faster payments to suppliers would influence the numbers produced by a cash budget.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
The airline has an average of 40 passengers paying an average of $200 for this flight. Do you think the airline should be flying between the two cities? Evaluate from a short-run and long-run perspective.
Illustrate what would be a good company with a product or service that would be worthy of further exploration down the line and why.
Eluciadte the work of how the answer was derived. David Upton is president of Upton Manufacturing.
Suppose which major function of profit is to allocate resources according to consumer preferences
faith that the laws of supply and demand always hold, why is it that the "popular" gifts for the holidays always sell out early.
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Elucidate what is the difference among real GDP and nominal GDP.
Try to comprise a discussion of elasticity and the demand curve as well as type of market. Make sure you also include some history etc.
Economists are in almost universal agreement that Free Trade is good for all countries. Explain why are they in such universal agreement.
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