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Question1. Determine what factors have contributed to increased income inequality since 1969?
Question2. Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires? 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?
Question3. 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."
Utilizing a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individual.
For ever of the situations, decide whether Al has increasing, constant, or diminishing marginal utility.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
Either tenants occupy rent controlled buildings with a customers surplus deserve to live there.
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
Compute the four-firm concentration ratio (C4) before the merger. Show your work and round your answer to 4 decimal places.
Illustrate what do these numbers imply for the decision of when to open a shared facility versus two separate facilities.
Given table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption.
Illustrate what are the most important concepts you can learn in Economic Theory classes. How can you apply them to your life. What difference can these concepts make in your everyday life.
Illustrate what are some of the comparative advantages for the companies to operate in the host country.
Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,
effects of implicit variables on supply and demand. Elucidate what would happen to the price of a pair of jeans if the following happened.
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