The big tradeoff between equality and efficiency exists because
A) redistribution uses resources and weakens incentives to work.
B) redistribution uses resources and strengthens incentives to work.
C) redistribution creates additional resources and weakens incentives to work.
D) redistribution creates additional resources and strengthens incentives to work.
A
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The feature of preferences that "more is better"
a. is a logical consequence of transitivity b. is shared by most people, most of the time. c. implies that 5 apples will always be preferred to 4 oranges d. implies that 5 apples will always be preferred to 5 oranges e. means that, when dining, people always try to eat as much as they possibly can
Some people believe that employees should be paid the same wages when their jobs, although different, require similar levels of education, training, experience, and responsibility. This principle is known as:
A. the equal-pay-for-equal work doctrine. B. Lorenz equivalence. C. marginal productivity theory. D. comparable worth.
Which of the following would NOT be considered a capability in the capabilities approach?
A. To live free of the fear of violence B. To be able to find secure and meaningful work C. To be able to afford to travel freely D. All of these are considered capabilities
Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $8; Kyle's cost per ton is $12. Refer to the information given and assume that
the market price of sockeye salmon is $15 per ton. If Kara pays Kyle $5 per ton for his ITQs, and if she then catches her new limit of 4,000 tons, their combined profit would be: A. $18,000. B. $22,000. C. $20,000. D. $4,000.