Which distribution of income would rawls prefer

Assignment Help Business Economics
Reference no: EM13773766

Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each.

In which community is the distribution of income more equal?

Which distribution of income would Rawls prefer? Explain.

Which distribution of income do you prefer? Explain.

Why might someone have the opposite preference?

Reference no: EM13773766

Questions Cloud

Does the kiobel decision block the plaintiffs case : Does the Supreme Court's opinion in Kiobel v. Shell (2013) require the District Court to dismiss the Jara v. Barrientos case? In other words, does the Kiobel decision block the plaintiffs' (Jara) case against Barrientos
Function of the federal reserve system : Which of the following is a function of the Federal Reserve System?
What is the monopolists profit maximizing price : A monopolist operates in an industry where the demand curve is given by Q=1000-2p. The monopolist's constant marginal cost is 8 dollars. What is the monopolist's profit maximizing price? How much does the monopolist produce? What are its profits?
What it the acceleration produced : Two forces of magnitude 6 N and 4 N act on a 3.2 kg. body. What is the acceleration produced when these force are acting in the same direction? What it the acceleration produced when these forces oppositely directed.
Which distribution of income would rawls prefer : Consider two communities. In one community, ten families have incomes of $100,000 each and ten families have incomes of $20,000 each. In the other community, ten families have incomes of $200,000 each and ten families have incomes of $22,000 each. Wh..
A typical hydraulic power unit might contain : A typical hydraulic pumping unit or hydraulic power unit might contain. Branch air circuits use the operate in the ____ range.
Explain the type of fictional public organization : Create, describe, and explain the type of fictional public organization. Describe some of the main services, products, and activities the organization provides to the public
What is the total holding cost for the year : An energy company orders metric tons of liquid natural gas that is used at the rate of 1,000,000 metric tons per year. Delivery lead time has averaged 8 days. What is the economic order quantity (in metric tons)? What is the total holding cost for th..
Law of conservation of energy : Your organization is about to review its energy use and develop an energy plan, including as many renewable power sources as possible. You have been asked to prepare a research paper for upper management about fossil fuel, nuclear energy, and alte..

Reviews

Write a Review

Business Economics Questions & Answers

  What would happen to his attempt to attain a blanaced budget

What would happen to his attempt to attain a blanaced budget? How would the President tell that his economy is approaching equilibrium or getting better?

  Explain higher demand has affected equilibrium wage

Explain how do you think higher demand has affected equilibrium wage. In which direction do you think labour supply and demand shifted.

  Gdp are associated with changes in interest rates

Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.

  Elucidate why a system of marketable pollution permits lead

Elucidate why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.

  Increased rate of money printing

It was top news a week ago that Bank of Ukraine increased its rate to 30%. And the news said they did this to fight inflation. But I don't understand one thing: isn't the increased rate of "money printing" of the central bank only aggravates the prob..

  Explain how might knowing this affect you as the manager

Economists look at the differences between the short run and the long run in macroeconomics. Explain how might knowing this affect you as the manager of a large firm.

  Inverse relationship between price level and the real output

Why substitution effect does not apply to AD the way it is in the demand for a single product? Does Income effect apply to AD as it is in the demand for a single product? What do we consider when we explain the inverse relationship between price leve..

  Discuss the implications and viability of the model

Discuss the effectoveness of government transfers to reduce economic distressin the context of a two period Ricardian Equivalence model. Discuss the implications and viability of the model.

  The pros and cons of the regional economic integration

Regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under international agreements, such as the WTO. What are the pros and cons of th..

  Recouping their investment in technological innovations

In which markets will firms probably have the most difficulty recouping their investment in technological innovations?

  Non-transactions deposits

The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.

  Elucidate how the benefits of such a policy

sing specific data for an industry of your choice Elucidate how the benefits of such a policy.

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