Most people will eliminate the F's and any D's that they can before reaching the 2.5 constraint, make an application to the world's income distribution using John Rawl's terms "veil of ignorance," "economic justice," and "poorest of the poor."
What will be an ideal response?
This is really the only part of this set of questions that can be graded. The other parts are for data to use in class. Here the student should relate the "veil of ignorance" to his lack of advance knowledge about his place on the scale. "Economic justice" would be the distribution that the student created from behind the veil of ignorance. Finally, the student's propensity to raise the GPA in the class by eliminating the F's illustrates that justice is most clearly done when policy is geared toward helping the "poorest of the poor."
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Which of the following is true about classical economists? a. They argued that the sources of depressions and high unemployment lay within the market system. b. They advocated laissez-faire policies to promote economic growth
c. They believed the economy would naturally tend toward unemployment. d. They believed prices and wages were rigid. e. They encouraged government intervention in markets.
In this graph, which of the following has an upward-sloping curve?
a. MC
b. D
c. MR
d. P*
In general, banks would prefer to acquire funds quickly by ________ rather than ________
A) reducing loans; selling securities B) reducing loans; borrowing from the Fed C) borrowing from the Fed; reducing loans D) "calling in" loans; selling securities
If the insurance company can correctly anticipate the adverse selection,
a. Only Samantha would buy insurance b. Only Nadia would buy the insurance c. Both of them would buy the insurance d. Neither of them would buy the insurance