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Is an unequal distribution of income and wealth a problem? Explain in short.
Yes: because specified no government intervention, which on very low incomes cannot afford necessary goods and services and therefore experience social exclusion. High inequality produces alienation, threatens social cohesion and encourages crime.
No: because low inequality implies minimal profits and minimal differences into incomes incentives are necessary to reward risk taking entrepreneurs and employees to undertake overtime and look for promotion. Wealth finally trickles down.
Assume the marginal propensity to consume (MPC) is 0.9. Starting from equilibrium, investment demand enhances by 50. How much does equilibrium income enhance? Show the calcul
Explain about the characteristics required in a risk owner. To be effective within their role, a risk owner’ requirements are as follows: a. Adequate information regarding a
You can buy as many drinks as you want at $1 each. You can also buy as many chocolate bars as you want at $2 each. You have $5 to spend. You must buy whole bars and drinks, that is
1.) Write a concise one-paragraph summary (no more than ½ a page!) of the corporation. This would include, for example, its products, its industry, its primary competitors, the exc
Why are many economists opposed to licensure of medical facilities and personnel?
PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f
WHAT IS UR AGREEMENT
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
The end of fixed exchange rates
Why do you assume there are an increasing number of organisations related along with the development of quality practices for IS development? Information systems frequently rep
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