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Important information about Income
1. What factors have contributed to increased income inequality since 1969?
2. Should a nation's income be distributed to its members according to their contributions to the production of that total income or according to the member's needs? 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?
3. 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."
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Find the following: First solve this problem using an Excel spreadsheet approach and then do the problem using the optimization procedure; compare the answers for the two methods.
Sailright Inc. makes and sells sailboards. Management believes that the price elasticity of demand
Many would consider the US Postal Service a publically good. Is this assumption valid.
The requirement is:- term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector.
Illustrate what would happen if CPI decided to raise prices unilaterally in this toothpaste market.
What is the opportunity cost of going to a doctor to be examined for skin cancer? Would eliminating research reduce or increase the cost of U.S. health care?
Obtain the market clearing price and quantity. Under the assumption of profit and maximization , how much output should the representative firm produce?
Efficiency and sustainability are management goals with respect to renewable resources. As Field explains, biological and economic considerations are typically blended in determining the efficient allocation of these resources.
Describe the maximum and minimum amounts that can be produced
If a monopolist is creating a level of output at which demand is inelastic and the firm is not maximizing profits.
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
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