Society attempt to equalize income or economic opportunities

Assignment Help Macroeconomics
Reference no: EM1373572

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."

 

Reference no: EM1373572

Questions Cloud

Determine how each corporate culture differs from the other : Determine how each corporate culture differs from the other. Analyze three ways that each exclusive culture has benefited by the other's competition.
What foundation could there be a claim of fraud against : Did the realtor live up to her votive obligations to the Seinfelds? Why or Why not? AND  On what foundation could there be a claim of fraud against the Seinfelds?
Cardinal next conversant simmons that he would have : Cardinal next conversant Simmons that he would have to contribute a greater amount of money. Simmons gotten the money from his father-in-law
Why one is utilitarian as well as why the other is hedonic : why one is utilitarian as well as why the other is hedonic. Then write a paragraph for each product assessing how effectively the websites
Society attempt to equalize income or economic opportunities : 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?
Explain what is the exchange rate of the polish : Suppose a Polish zloty is selling for $0.3399 as well as a British pound is selling for $1.448. Explain what is the exchange rate (cross rate) of the Polish zloty
Why was agassi fruitful in raising money for his venture : Why was Agassi fruitful in raising money for his venture? Describe. Discussion responses are subject to a word count for substance
Allegiance insurance company sends a questionnaire : Allegiance Insurance Company sends a questionnaire to policyholders who have filed a claim. The questionnaire inquires these claimants whether they are satisfied with the way their claim was handled
What are few of the possible biases as well as points : What are few of the possible biases as well as points of error that may arise in team communication systems? Use relevant research as well as citations

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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