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Question: John Rawls is a philosopher famous for his "maximin" principle, which states that society should maximize the position of the people with the minimum amount of goods, and not focus only on the level of inequality. For instance, Rawls would favor a society in which the bottom 10 percent earn $30,000 per year and the top 10 percent earn $2 million over a society in which the bottom 10 percent earn $28,000 per year and the top 10 percent earn $40,000 per year. Drawing on the trade-off between equity and efficiency, explain whether Rawls would favor
(a) redistribution that limits growth but creates equality or
(b) economic development that encourages growth but creates inequality.
What is the PW (at i = 5%) of Super Tool's new test equipment? The development cost is $1.2M. Net revenues will begin at $300,000 for the first.
What is the break-even revenue?
Find and read an article in the media or a video clip that reports the results of a scientific study. You must include the link to the website. How accurately did the mass media report the study?
Do the data provide sufficient evidence to indicate that bulbs produced by the suspect line possess a larger variance in length of life than those produced by the line that is assumed to be in control? Use α = .05.
Suppose the prices at a local golf course are as follows: $57.50 to play 18 holes. At this price, 1200 customers pay to play a game of golf each day. A rise in the price to $62.50 causes the number of consumers to decline to 800. Use the Arc Method t..
Use the information in Problem. Would a free world market in water achieve a fair use of the world's water resources? Explain why or why not and be clear.
roshima is researching universities where she could study for her mba degree. she is considering 3 major attributes
Who were the primary culprits of the event? What could we have done differently? Be sure to apply some of material and logic that we have covered in the course.
Summarize the communication strategy of your chosen organization. Explain the communication strategy of your chosen organization
Select any four of the six summary statements and explain in detail the significance and possible causes of each item. Be sure to use the economic concepts and polices discussed in your textbook where applicable.
An individual purchases a dozen eggs and must take them home. Although making trips home is costless, there is a 50 percent chance that all of the eggs carried on any one trip will be broken during the trip. The individual considers two strategies: (..
What do you mean by ‘Rational ignorance? How rational ignorance impact on economic development of a country? Explain giving examples.
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