A. Such redistribution would mean that those who worked hard were no better off than those who were lazy and this would be unfair. B. such redistribution would not maximize the total income of all members of society C. Such redistribution would remove the incentive to work hard, so society’s total income would fall, and … Rawls’s miximin criterion does not mean that there should be redistribution so as to equalise everyone’s incomes in society because ?Read More...
A. wages of men will be higher but the marginal productivity of men will be lower than it otherwise would be B. the wages of men will be lower but the marginal productivity of men will be higher than it otherwise would be C. both the wages and the marginal productivity of men will be … If labour market discrimination crowds women into a limited number of occupations so that the number of occupations available to men increases, then ?Read...
A. Social Security income of the elderly and disabled B. none of these answers C. wages fixed by a union or other labour contract D. equal to the minimum wage E. a person’s normal or average income...
A. the demand curve for accountants to shift to the right, since the productivity of accountants has increased B. firms to move up their demand curves for accountants C. the demand curve for accountants to shift to the left, since it requires fewer accountants than it did before to do the same amount of work. … New technology in the form of computer spreadsheets has increased the productivity of accountants. This will cause ?Read More...
A. structure of the tax. B. ultimate distribution of a tax’s burden C. behaviour of shifting the tax to another party D. measure of the impact the tax has on employment and output...
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