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Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second distribution, all ten people have incomes of $25,000.
If the society had the first income distribution, the utilitarian would argue that the marginal utility of income for the person with an income of $10,000 is lower or higher than the marginal utility of income for someone with an income of $30,000? Should income be redistributed?
Rawls considers which distribution to be more equitable? While Nozick considers which distribution to be more equitable?
The Baby Boomer generation is aging and will require more health care support over the next some years. Tens of thousands of nurses and primary care physicians will be required to meet this demand.
Imagine knowing with certainty that interest rates will not change over the next five years. Identify how this fact would change the behavior of a business of your choice.
Explain what happens to inflation and unemployment during the business cycle.
Suppose China exports TVs and uses the yeah as its currency, whereas Russia exports vodka and uses the ruble. China has a stable money supply and slow, steady technological progress in TV production, while Russia has very rapid growth in the money..
During the Kennedy administration and Reagan administration Congress decreased tax rates on individuals. Determine the effect of these rate reductions on revenue flow into federal treasury?
1. Using your graphs determine if the Gulf Coast or the Atlantic Coast are diurnal semidiurnal, or mixed tides. 2. Based on the data collected, can you predict at what time the next high and low tide will occur for each location? 3. What was the pre..
Hold as a given that the public does not change their currency holdings and that banks do not hold any excess reserves. What will be the change in deposits resulting from a $50 million open market purchase by the Federal Reserve Bank?
If the minimum salaries is set above the equilibrium salary, does this make a shortage or a surplus of labor, or does it create a lower wage rate
Describe the Cultural Empowerment of the group you chose. Specifically address how each of the PEN-3 model's three factors within the dimension of cultural empowerment applies to your group and provide examples.
1. after graduating from high school ron willis plans to go to college. the college tuition is 20000 a year. but
A new tennis court complex is planned. Both alternatives will last 18 years, and the interest rate is 7%. Use present worth analysis to determine which should be selected.
Assume that you have drawn a total product curve for labor given a technology. Now let some sort of technological change rise in the productivity of labor.
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