How to receive a cut of the social surplus

Assignment Help Macroeconomics
Reference no: EM13189271

All stratified societies have groups of individuals that do not produce, but still receive a ‘cut' of the social surplus. How does Diamond (in his book) argue that these ‘privileged' individuals manage to convince productive members of society to give them some of their surplus?

Reference no: EM13189271

Questions Cloud

What about the second equation : How are they different? Find a problem in the text that is similar to examples 2, 3, and 4. Post the problem for your classmates to solve.
Measurement, sampling or different category : In Research Methods, would statistical regression threats be related to measurement, sampling, or a different category?
What is clydesdale company''s profit margin? : The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%.
How will the quantity of offices that building owners lease : A city has decided to impose rent controls, and it has established a rent ceiling below the previous equilibrium rental rate for offices throughout the city. How will The quantity of offices that building owners lease change
How to receive a cut of the social surplus : All stratified societies have groups of individuals that do not produce, but still receive a ‘cut' of the social surplus. How does Diamond (in his book) argue that these ‘privileged' individuals manage to convince productive members of society to ..
Investment includes the purchase of: : global positioning units for cruise missiles by the government.  new chalk by a local school board.
Provide a description of the algorithm in pseudocode : Provide a description of the algorithm in pseudocode and conduct time complexity analysis of the algorithm
By how much should it decrease price : An auto dealership estimates that its demand curve has an elasticity of 2.78. If it wishes to increase sales by 12%, by how much should it decrease price What will happen to revenue (rise or fall) If instead it raises price by 20%, what is the per..
Provide at least two reasons to support your argument : Name the circumstances which indicate an oligopolistic market structure and discuss a real life example of such a market structure. What are the most significant differences between oligopolistic and perfect competition from the consumer's point o..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Expansionary fiscal policy

In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?

  Looking to raise profitability in competitive marketplace.

Looking to raise profitability in perfectly competitive marketplace. How to efficiently plan production?

  Determine the measured unemployment rate

Assume the population over age 16 is 160 million, number of discouraged employees is 10 ml, the labor force is 110 ml and the total employment is 90 ml.

  Reason of unemployment

Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.

  Describe what degree of concentration it exhibits

Describe what degree of concentration it exhibits. Would it be considered an oligopoly.

  Compute the marginal revenue and price

Prepare a demand schedule for both demand curves and prepare them on an Excel graph. Calculate the marginal revenue for each.

  Compute equilibrium interest rate and real output

Suppose the commodity market and the money market for an economy are described throughfollowing IS and LM curve.

  What type of market structure is the auto industry

Compare the automotive manufacturing industry today to the automotive manufacturing industry of the 1950's. Applying the economics of price and output, what is the difference between the industry of today and that of the 1950's.

  True or false-multiplier and gnp

Answer whether the following statements are true or false, explaining your answer in each case.

  Illustrtae what is the profit-maximizing level

Illustrtae what is the profit-maximizing level of price and quantity for this monopolist.

  Illustrate what does empirical evidence on the us

Illustrate what does empirical evidence on the U.S. experience with the Earned Income Tax Credit predict will be the effect of the new policy.

  Decreasing marginal rate of technical substitution

Determine which of the following combination of inputs is most closely reflective of decreasing marginal rate of technical substitution?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd