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There is growing concern about poverty and income inequality. These two concepts, however, are not the same. Income inequality deals with the percentage of income earned by the different income groups, while poverty is concerned with how difficult it is for the poor to meet basic needs. In Section 1.4, you read about deontological and consequential approachesto ethics. Using those approaches, evaluate how well free market systems versus government intervention in markets address poverty and income inequality. Include in your discussion an explanation of how people in a free market economy, acting in their own self-interest, can better those around them. Bring examples from your own experiences where your actions, though entirely self-motivated, resulted in a benefit to somebody else.
Discuss the possible negative externalities associated with the project and how this would affect the efficient level of output. Depict this on a diagram.
Identify a PLC company that uses strategic management - this company may be prosperous, booming, in decline, or in economic difficulties.
The demand and supply functions for basic cable TV in the local market are given as: Q(D) = 200,000 - 4,000P and Q(S) = 20,000 + 2,000P. Calculate the consumer and producer surplus in the market. If the government implements a price ceiling of $15 on..
At what price should you purchase a $10,000 (6% APR coupon paid once every six months) bond today, if it matures in 8 and 1/2 years, and you want to make 8% APR on your investment?
Suppose that the linear equation for saving in a hypothetical economy is
Describe how each of these activities affects government, households,and businesses. Describe the flow of resources from one entity to another for each activity.
Draw a market demand and market supply curve for automobiles and label these curves D1 and S1 respectively.
Over the past decade medical costs have increased more rapidly than other prices. In order to illustrate how rising medical costs have affected consumer alternatives, let X represent the quantity of medical services, and let Y represent the quantity ..
Suppose the growth rate of the firm's profits is 5%, the interest rate is 6%, and the current profits of the firm are $100 million dollars.
Suppose a single firm produces all of the output in a contestable market. The market inverse demand function is P = 250 -5Q, and the firm’s cost function is C(Q) = 6Q. Determine the firm’s equilibrium price and corresponding profits.
Describe New Zealand's approach to inflation targeting. What are the advantages and disadvantages of this system? Would it make sense for a central bank to try inflation targeting by using the tailor rule? What problems might the central bank encount..
Fifteen batteries are tested to determine whether the battery life is as long as advertised. Four batteries fail the test. From all fifteen
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