How much leakage would you accept-veil of ignorance

Assignment Help Business Economics

Reference no: EM131093128

1. What does Arthur Okun mean when he says that government can redistribute only in a Leaky Bucket? Explain why he may be right, and why he may be wrong.

2. How much leakage would you accept? Why? In your answer, consider Rawls’s argument about how people would feel from behind a “veil of ignorance” about their own situation.

3. Review the articles in Real World Micro, chapter 8, including “The Undeserving Rich” by Gar Alperovitz and Lew Daly. Would your view of Okun’s argument change if much of income inequality comes from the ownership of property rather than earnings from work? Why?

Reference no: EM131093128

Questions Cloud

What is the minimum cost of producing : Suppose that the price per unit of input A is 8 euros and the price per unit of input B is 5 euros. What is the minimum cost of producing 100 units of output Y for the firm if the firm’s production function is Y = 4A + B/5

Find the p-value for the randomization test : Find the p-value for the randomization test of the null hypothesis that the drug has no effect versus a one-sided alternative (the drug improves fertility).

Describe this technology by mathematical function : The firm requires at least 10 units of input A or 2 units of input B in order to produce 1 unit of output Y. Describe this technology by mathematical function. Draw the production isoquant that corresponds to 40 units of output Y.

Discuss ngaire woods four aspects of globalization : First, identify and discuss Ngaire Woods' four aspects (or processes as she calls it) of globalization and their relevance for the study of IPE. Follow that with a discussion of how you believe states should respond to the liberalization/globaliza..

How much leakage would you accept-veil of ignorance : What does Arthur Okun mean when he says that government can redistribute only in a Leaky Bucket? Explain why he may be right, and why he may be wrong. How much leakage would you accept? Why? In your answer, consider Rawls’s argument about how people ..

How will planned investment spending change events : How will planned investment spending change as the following events occur? The interest rate increases as a result of Federal Reserve policy. The U.S. Environmental Protection Agency decrees that corporations must upgrade or replace their machinery i..

Concepts correctly and precisely in your response : After, you have completed all of Unit 2, select only one of the following statements and discuss its veracity. 1. An equation that has an infinite number of solutions is an identity.

Affect the level of planned investment spending : Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium.

How do theoretical paradigms inform doctoral research : What is the relationship of the scientific method to the doctoral research process? How do theoretical paradigms (such as potential explanations of human social behavior) inform doctoral research?

User Account

All Pages