The principle of equal opportunity is an example of:
A. an outcome-oriented notion of equity.
B. a process-oriented notion of equity.
C. utilitarianism.
D. Rawlsianism.
B. a process-oriented notion of equity.
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List three different price indices and explain how they differ in terms of the market basket on which they are based
What will be an ideal response?
An example of the command-and-control approach to environmental policy is:
a. allowing individuals to sue freon producers if CFC emissions exceed a government-set standard. b. allowing coal producers to buy and sell permits to allow CFC emissions. c. placing a tax on freon to reduce its use and the corresponding CFC emissions (which contribute to the ozone hole). d. none of these.
Which of the following would cause the demand for mathematicians to increase?
a. an increase in the productivity of physicists. b. an increase in the wage of mathematicians. c. a decrease in the productivity of mathematicians. d. an increase in the productivity of mathematicians.
The excess burden of an excise tax is
A. greater the more inelastic the supply curve. B. greater the more elastic the demand curve. C. smaller the more elastic the supply curve. D. greater the more inelastic the demand curve.