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A government has decided to phase out its antipoverty program support payments more slowly to help the near-poor become self-sufficient. One criticism about this policy is likely to be
that this antipoverty program costs the government more money.
that the near-poor will not be required to pay back benefits.
that the near-poor may still lack skills for menial jobs.
that antipoverty programs shift wealth from the rich to the poor.
Economists also use the principle of comparative advantage to advocate free trade among countries as a better policy. Trade is not based on absolute advantages countries have but the relative (comparative) advantage. 1. Does free trade contribu..
an essay about the us feds involvement in the great panic and discussing the housing bubble and sub prime loans.
utility if a function of income (I), given by: \(U = 101\) as long as I is less than or equal to 300. If I is greater than 300, your utility is a constant equal to 3,000. Suppose you have a choice between having an income of 300 with ce..
Part of the administrative burden of a tax is
what do you think is the best solution to the obesity epidemic? what roles can the food and restaurant industries, trial attorneys, government policymakers and regulators, and individual consumers play in a solution, if any
Consider a $500,000 initial investment, annual savings of $92,500 for a 10-year period, a salvage value of $50,000, and a 10 % MARR applies. Using a spider plot, examine how sensitive the annual worth for the investment is to errors in estimating t..
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Why may the amount of fertilizer Farmer Jones puts on the corn fields not affect the corn price or Jones' neighbour’s profits? But if Cadillac offers a new fuel "economic V-8" how come Lexus, BMW, Mercedes, Infinity, and Acura are affected?
suppose the currency in circulation is 600 billion the amount of checkable deposits is 900 billion and excess reserves
What is Social Entrepreneurship? Give concrete examples. Is there a relationship between the fallacious yet accepted paradigms of our economy (e.g., growth as the sole source of wealth and success, capitalism as the best system, price mechanisms are ..
How much would it cost to fence exactly four such properties, which together would contain four square miles of area Now, consider how much it would cost to fence in four square miles of ranch land if, instead, it comes as a single large square
why did housing prices rise rapidly during 2002-2005? why did the mortgage default rate increase do sharply during 2006
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