What is Rawlsian justice?
What will be an ideal response?
Rawlsian justice is a theory of distributional justice that concludes that the social contract emerging from the "original position" would call for an income distribution that would maximize the well-being of the worst-off member of society.
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In the figure above, if a minimum wage of $6 per hour has been imposed and the labor demand curve then shifts from D0 to D1 the wage rate ________ and the amount of employment ________
A) falls; decreases B) does not change; increases C) does not change; decreases D) falls; increases
German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would have shifted to the left. C) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. D) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
As "haircuts" increased during 2007-2009, financial institutions found that to borrow the same loan amount now required ________ collateral
A) less B) no C) more D) default-free
Which of the following is a credit item (+) in the U.S. balance of payments?
a. U.S. companies sell merchandise abroad. b. Foreign companies sell merchandise to U.S. consumers. c. U.S. consumers send money to foreign companies. d. Immigrants to the United States send presents of money back to their families in their native countries. e. Immigrants to the United States send presents of goods back to their families in their native countries.