According to John Rawls, if people had to choose an income distribution without any knowledge of their own talents and abilities, they would likely prefer an income distribution that:
A. rewards hard work.
B. rewards creativity.
C. gives everyone an equal share.
D. rewards innate intelligence
Answer: C
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Indicate whether the statement is true or false
Outline the possible work disincentives created by anti-poverty programs. Is there a way to solve this problem without causing other forms of inefficiency to arise? Explain your answer
Short-term unemployment that is associated with the process of matching workers with jobs is called ________ unemployment.
A. cyclical B. structural C. frictional D. technological
For a monopoly, marginal cost equals average total cost at every level of output.
Answer the following statement true (T) or false (F)