Outward signs that signify this success to others

Assignment Help Business Economics
Reference no: EM131759574

In the USA, a great premium (value) is placed on:

(a) economic success and

(b) the outward signs that signify this success to others.

Many adults (and even young adults) get great pleasure from how other people see their cars, homes, and other ways of spending money.  The rich often get BIG pleasure from flaunting their wealth (buy buying expensive things or by making a big deal about their charity and donations to worthwhile causes).  All of this behavior is perfectly normal and does not need to be criticized.

Now, a great many people who are eligible for Food Stamps do not use them.  Why do you think this is the case?  Do you think this has anything to do with the thought expressed immediately above.  What about you?  If you were eligible for food stamps, would you use them? Would it make a difference if you were alone at a checkout counter or with a group of friends?

PS- The answer to this question goes a long way to explain why with many welfare programs in the USA, only a fraction of the people eligible take advantage of the program.

Reference no: EM131759574

Questions Cloud

What is the objective of adjusting the transaction price : On January 1, 2017, Fulton Inc. enters into a contract with Gibson to deliver goods. Gibson pays $100,000 at the time the contract is signed.
Discuss the major role of law enforcement intelligence : Discuss the major role of law enforcement intelligence in combatting domestic terrorism.
What is the medicaid notch : What is the Medicaid Notch? Do you think that the Medicaid Notch is a realistic concept?
Record amortization of profit on sale using dea : Prepare Monty's 2017 journal entries. To record amortization of profit on sale use Depreciation Expense account (DEA) and not Sales Revenue account.
Outward signs that signify this success to others : Many adults (and even young adults) get great pleasure from how other people see their cars, homes, and other ways of spending money.
Evaluate international widgets code of ethics : Is John in a fiduciary relationship with International Widgets? Why or why not? Is he an agent of International Widgets?
Consumer surplus and producer surplus : What is the origin of both consumer surplus and producer surplus? How do properly functioning markets maximize consumer and producer surplus.
Prepare a schedule that discloses the individual costs : Prepare a schedule that discloses the individual costs making up the balance in the land account in respect of land site number 101 as of September 30, 2018.
Performance of the business continuity management framework : What are the procedures for monitoring performance of the business continuity management framework - identify improvements to be made to the business

Reviews

Write a Review

Business Economics Questions & Answers

  What is cross-price elasticity of socks with respect to shoe

Suppose that when the price of shoes increases by 5%, the quantity demanded for socks decreases by 10% and the quantity demanded of sandals increases by 4%. What is the cross-price elasticity of socks with respect to shoes? Are shoes and socks relate..

  Consumer indifferent between iphone and galaxy

Suppose Apple sells phones with 4-inch screens and Samsung sells those 5-inch ones. Consumers have their hands of different sizes. Their most preferred sizes, as a result (that might depend on the probability that they drop their phones), are distrib..

  Second number is greater than first number

If first number is greater than second number, print a message "First number is greater than second number". If second number is greater than first number, print a message "Second number is greater than first number".

  Quantity of beef demanded-supplied is related to price beef

The quantity of beef demanded and supplied is related to the price of beef. Given that the demand function for beef is q = √306.25 − p + 2.5 and that the inverse supply function for beef is p = 76 + 3q, where q is the number of kilograms of beef dema..

  What is each fisherman profit-maximizing output now

What is each fisherman's profit-maximizing output now. Find the market price and the total output.

  Demand for corporate-owned jets

What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?

  For the total variable cost and marginal cost

For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capt..

  Project certainty equivalence for decision maker

Suppose a project has two possible outcomes. There is a 30% chance that it brings a profit of 10,000. There is a 70% chance that it brings a profit of 3,600. Suppose a decision makers utility function can be described by U(w)=w^0.5. What is this proj..

  Force affect christians positively or negatively

What do you believe is the single most influential force in today's society that sets the tone for an individual's personal values and why? Does this force affect Christians positively or negatively? What is your advice regarding this influential for..

  Rationale of the reagan administration

Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964

  How better to protect human rights

Articulate your critical rationale for improvements we could/should make to how the marketplace functions: three for how better to protect human rights and three for how better to protect the environment.

  Draw a market with negative production externality

Draw a market with a negative production externality. What kind of instrument (policy) do you use? What's its magnitude? What does the policy lead agents on both sides of the market to do?

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