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- Under the modern versions of the principle of equality of opportunity, a fair society should Select one: O a. Equalise individual responsibility. O b. Equalise income. O c. Compensate for circumstances that cannot be attributed to the individual's effort. O d. Compensate for lack of resources.The countries with the highest mean incomes are also the countries with the highest O savings to income ratios O apital to labor ratios capital to savings ratios O labor to capital ratiosJay moved from a 1-bedroom apartment to a 2-bedroom home. At first, he was really happy but over time, the house didn't increase his happiness. This is because a. of cultural acculturation. O b. the loss was incorporated into his reference point and became the status quo O c. the gain was incorporated into his reference point and became the status quo O d. of compensatory consumption O e. of conspicuous consumption
- why is the market for recycled aluminium good and the market for plastic bad in the US? Depict this with a firm input choice model. I understand that recycled plastic decreases in qualiy everytime it is recycled while aluminium does not and can be recylced without the decrease in quality, but I dont know how to depict this graphicallyHow should policymakers determine the amount of money that should be allocated for research curing heart disease? They should base their decision on O A. whether the last dollar devoted to research on heart disease results in more benefit than the last dollar spent on research for curing other diseases. O B. the number of people who die from heart disease compared to the number of people who die from other diseases. OC. the value of the total benefit of the research on heart disease. O D. the value of the total benefit of research on curing other diseases. O E. the number of people who have heart disease compared to the number of people who have other diseases."Status" is an example of value? O a. Negative Value O b. Neutral Value O c. Positive Value O d. No Value
- According to a US Census Bureau survey in 2014 Muple Choice O ● O 25.03 63 55 55.35 percent of unauthorized immigrant households used at least one form of welfare, as compared to percent of a migrant households households with a cIn today’s economy, it’s harder for workers to get promoted. In 2006, it took an averageof 2 ½ years to get a promotion; today it takes 4 ½ years. As a result, fewer workers are willingto boost their productivity in an effort to impress the boss and get the promotion. In 2006, 25percent of employees said they were willing to give “an extra oomph” at work (boost theirproductivity); today about 15 percent are willing to do so. Explain the connection to the Phillipscurve.) Suppose that ina a there society Ceorge, are two people, Cos tas and only hite which share a fixed amount o f income t500 .The function Cos ta's usefulness in Uk=SO I, U=200xI,2 CWhere Ik and Ir is the income of Costas and George respectively) Suppose that the function of social well- being is W=UktOr. Determime the income distribution between Costo) and George who monimizes social prosperity. 1/2 while its function George is
- An owner of a landscaping business received extra income in the previous month. She is considering eitner buying a new lawnmower or spending the money on an advertisment in order to increase business in the next few months If the business owner chooses to spend the money on an advertising campaign, what is the opportunity cost? O A. more advertising O B. next month's income O C. the lawnmower O D. increased business*.When she came, the electricity (be) off- is O were was has O comes O * .We could rarely get... from this man- something O anything somethings anythingsWhat is true about income redistribution? Questic OA. Through income tax and redistribution, a dollar taken from a rich person ends up as a dollar in the hands of a O B. Taxing people's income from employment makes them work more so that their take-home income will increase O C. The greater the amount of income redistribution through income taxes, the greater is the inefficiency. OD. The big tradeoff is the tradeoff between income tax and redistribution.
