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Question: Okun
What does Arthur Okun mean when he says that government can redistribute only in a Leaky Bucket? Explain why he may be right, and why he may be wrong.
How much leakage would you accept? Why? In your answer, consider Rawls's argument about how people would feel from behind a "veil of ignorance" about their own situation.
Review the articles in Real World Micro, chapter 8, including chapter 8.6, "The Undeserving Rich" by Gar Alperovitz and Lew Daly. Would your view of Okun's argument change if much of income inequality comes from the ownership of property rather than from earnings from work?
Determine the market equilibrium conditions in this market for Wides and summarize your recommendations or advice to Barks concerning market conditions and production levels.
Calculate the value of trade receivables under the existing scheme and the proposed scheme at the year-end. For this assignment, ignore taxation.
Historically, the value of the dollar has increased when the price of oil has risen, and declined when the price of oil has fallen.
Outline a plan for Bank of America to respond to Occupy Wall Street based upon one of the four typologies of strategic choices discussed in the textbook.
consider a market where demand is p10-2q. there is a negative production externality of 2.50unit of consumption. supply
Describe how you might design an experiment to determine whether this phenomenon is true for your city. What is the response variable? What are some extraneous variables and how does your design control for them?
The demand distribution for the next month is 35% for 1 kiosk, 25% for 2 kiosks, 25% for 3 kiosks, and 15% for 4 kiosks. Determine the optimal level of kiosks for Joel to commit to for the next month
Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary.
Production and Cost focuses on a perfectly competitive industry. Each competitive firm in this industry has a Cobb-Douglas production function: q=0.02K0.5L0.5. These firms combine capital and labor to produce output. In task 3-2 you will use graph..
Determine how the following situations will affect the demand curve for ipods.
assume that country a has a population of 500000 and only produces 1 good cars. country a produces 100000 cars per
The Blue Dragon Restaurant is a new Chinese Restaurant in town. As the only Chinese restaurant in the area, it faces the following daily demand curve: Q = 800 - 40 P where Q is the number of meals it serves per day and P is the average price of its m..
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