Which of the following programs would be opposed by philosopher John Rawls?

a. a negative income tax
b. the Supplemental Security Income (SSI) program
c. a tax plan creating a perfectly egalitarian income distribution
d. Rawls would oppose all of the programs.


c

Economics

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Suppose that a paper producer dumps its waste into a local river. Explain why this situation is inefficient

What will be an ideal response?

Economics

The estimated demand for a good is = 25 - 5P + 0.32M + 12PRwhere Q is the quantity demanded of the good, P is the price of the good, M is income, and PR is the price of related good R. If income decreases by $1,000, all else constant, quantity demanded will ________ by ________ units.

A. decrease; 500 units B. decrease; 1200 units C. increase; 500 units D. decrease; 320 units E. increase; 3.2 units

Economics

The reason that diamonds cost more than water is

A. most consumers consume little water. B. diamonds are more beautiful than water. C. the marginal utility of each diamond a consumer purchases is quite high due to the small amount of diamonds that most consumers purchase. D. water is a necessity.

Economics

The joining of firms that are producing or selling a similar product is

A. a vertical merger. B. competition by merger. C. a hostile takeover. D. a horizontal merger.

Economics