Why does the productivity standard typically fail

Assignment Help Microeconomics

Reference no: EM13205742

explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. why does the productivity standard typically fail to yield an equal distribution of income?

Reference no: EM13205742

Questions Cloud

Explain what is the mechanism of the dehydration : What is the mechanism (complete with electrons and arrows) of the dehydration

Explain the approach to governmental health care funding : the type of health care problems experienced directly to patients who then would be free to choose their health care providers. wherther or not you agree, can you give an economic rationale for this approach to governmental health care funding

A line in the balmer series of hydrogen has a wavelength : A line in the Balmer series of hydrogen has a wavelength of 434 nm. From what state did the electron originate? Ni=? In what region of the electromagnetic spectrum is this line observed?

Explain the energy level of a particular orbital : The principal quantum number, n, describes the energy level of a particular orbital as a function of the distance from the center of the nucleus. Additional quantum numbers exist to quantify the other characteristics of the electron

Why does the productivity standard typically fail : explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to societys total output. why does the productivity standard typically fail to yield an equal distribution of income

State what range of ph is suitable for this kind of buffer : What range of pH is suitable for this kind of buffer? Calculate the ratio of phosphoric acid to phosphate to gice you pH .= 6.8

Which policy do you think is better in the short run : Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..

Explain calculations to prove that dilution of aniline : which portion of the titration curve are you in to reach pH = 7? Show your calculations to prove that dilution of 10,000 gal aniline requires 0.58 gal of this acid.

Explain is the federal funds rate currently too high : Suppose that the economy is thought to be 2% above potential (that is, the output gap is 2%) when potential output grows 4% per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2% over the past year.

User Account

All Pages