Which political philosophy argues that the government should choose policies deemed just, as evaluated by an impartial observer?
Liberalism
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An additive social welfare function would
A. add the incomes of the lowest ten percent of income earners. B. subtract out the utility functions of all people who are unemployed. C. sum all individual utilities. D. maximize the utility of the person with the minimum utility.
Profits account for about 30 cents out of each dollar spent on goods in the United States.
Answer the following statement true (T) or false (F)
Jason hires Maria to tutor him in economics. Jason is willing to pay $30 for the first hour of tutoring, $25 for the second, $20 for the third, $15 for the fourth, and $10 for the fifth
Maria has an opportunity cost per hour of $6 for the first, $9 for the second, $12 for the third, $15 for the fourth, and $18 for the fifth. What will be the equilibrium quantity of hours tutored and the equilibrium price? Explain why this quantity and price is the equilibrium. What is Jason's consumer surplus and what is Maria's producer surplus?
If a corporate bond with a face value of $2,000 pays yearly coupon payments of $50, what is the coupon rate?
A) 2.5% B) 4% C) 25% D) 40%