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.Management Sciences
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 so the least well off person would be worse off than they could be under a system in which there was some inequality income.
D. such redistribution would amount to confiscation of honestly earned income from higher earners and so would be unjust.
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- Differences in wages that result from differences in working conditions are known as ?
- A. occupational differentials B. search differentials C. job differentials. D. compensating differentials...
- In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?
- A. total labour cost B. the marginal product C. the price of the product D. the wage rate...
- Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?
- A. all of these answers B. libertarianism C. utilitarianism D. none of these answers...
- Rank utilitarianism liberalism, and libertarianism in sequence from the political philosophy that would redistribute income the greatest to the one that would redistribute income the least?
- A. utilitarianism, liberalism, libertarianism B. All three political philosophies argue for similar degree of income redistribution C. liberalism, libertarianism, utilitarianism D. libertarianism liberalism, utilarianism E. libertariansim, utilitarianism, libertarianism...
- A progressive income tax means that those with a higher income pay ?
- A. a higher percentage of their income in taxes then low income people B. a lower percentage of their income in taxes than low income people C. the same percentage of their income in taxes as low income people all the taxes in the economy. D. all the taxes in the economy...
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