Is it just to tax the rich to give to the poor? Should the government tax Bill Gates and other wealthy people and use the money to supplement the income of unemployed people, single mothers with low incomes, or other poor people? Should the government tax rich people and loan the money interest free to poor kids so that they can go to college? Or would all of that be unjust?

Q: beneifts and limitations of an annual budgeting system?

A: An annual budget sets out a company's estimated revenue and expenditures for a 12-month term. The…

Q: Condition that arises because society does not have enough resources to produce all the things…

A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…

Q: what would be a modern example of Abstract liberalism?

A: Abstract liberalism includes utilizing thoughts related with political progressivism, (for example,…

Q: Should government provide free English classes to new immigrants? Explain your answer.

A: Positive externality or spillover benefit is an advantage that is derived by a third party when…

Q: What was the ideal society for President Ronald Reagan? What was his view on humans? Good, bad, etc.…

A: Reagan's profitable policy was erected on four pillars cutting government expenditure, lowering the…

Q: Which of the following statements about positive incentives is the most accurate? They create…

A: Positive incentives get provided to promote certain choices by impacting individuals positively.

Q: How does a balanced scorecard help you get the best return on investment (ROI)?

A: A balanced scorecard is an economic financial tool that assists businesses in aligning their actions…

Q: Explain the impact of corruption from an economic perspective!

A: World Bank states corruption is a type of dishonesty or criminal act committed by an individual or…

Q: How much would you spend on a diamond engagement ring? If you answered around the national average…

A:

Q: If I budgeted $1000 for my expenses this month, but then spent $1500, in order to be fiscally…

A: Reexamine the budget, because now had a $500 deficit this month. As being fiscally responsible these…

Q: Consider the first two principles of economics: Choose one of them and state it. Then discuss an…

A: The principle which I have chosen is  "People face trade-offs"  Nothing is free in this world.…

Q: How would you choose between a diamond and a bottle of water in the different scenarios described in…

A: The choice between a diamond and a bottle of water can be explained using the economic concept of…

Q: Which program has the highest expenditure per enrolle in the US?

A: Expenditure per enrollee means the share of government spending including both Federal and states.

Q: Which of the following would be the least likely thing an economist would study?          What new…

A: Economists are experts who study the production, distribution, and consumption of goods and services…

Q: Should the government use taxpayer money to pay for education? Why or why not? You may use both…

A: Taxpayer money to pay education is ongoing debate in which some scholars argue that government…

Q: Do business people have a special obligation to give some of their money to charity? What famous…

A: Business ethics is a subset of applied ethics or professional ethics that looks at ethical…

Q: Explain how shari’ah will affect economic activity in Islam.

A: Sharia is a code of conduct that all Muslims are expected to observe, which includes prayers,…

Q: I believe that yes, the United States is a just society. People can be whatever they want and make…

A: It can be defined as the economic and social system in which the means of production are owned by…

Q: Discuss the models of disability (INDIVIDUAL, MEDICAL, SOCIAL, TRAGEDY). Which model do you think…

A: All the parts of the question have been answered below.

Q: To combat recessions and depressions, which should have priority: unemployment or debt reduction?…

A: Definitions: Depression is a prolonged downturn in the economy, while the recession is a temporary…

Q: What is the list of all Henry Hazlitt's cost-benefit analysis lessons learned as it relates to…

A: According to Henry Hazlitt's lesson of cost-benefit analysis: Actions that are advantageous in the…

Q: Using dominant strategies, what is the Nash equilibrium payoff? O 0,0 O 100, 100 O-10, -10 O Neither…

A: In game theory all the player  involved have best response strategy, best response strategy is the…

Q: What would best explain why economics is important for understanding policies that deal with…

A: Poverty is a condition Where in an individual doesn't get the basic amenities that are required for…

Q: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

A: A law is passed requiring owners of real property in Thailand to pay real property tax in the…

Q: Explain Biden's education expansion proposal. What economic justification does this proposal rely…

A: Person B is attempting to restore the ‘country U’ backbone by educating more and more middle-class…

Q: Economist Friedrich Hayek argued that when knowledge is decentralized and disbursed among many…

A: Economist Friedrich Hayek in his 'The use of knowledge in society ' points out the requirement of…

Q: Fill in the blanks with the mumber that correspoods to the correct word or phrase from the word bank…

A: Economics is defined less by the issues that economists study and more by how economists study them.…

Q: How is it possible to bear a cost without realizing it? What are some examples of policies that…

A: Costs are the expenses one has to incur either in the production activities or during the purchase…

Q: Give an example of something that is an economic good for one person and a financial bad for someone…

A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…

Q: Discuss each of the following: 1. How does household income affect the desire of a parent to have…

A: Many factors play a vital role in deciding to have a children . Education level of parents, income…

Q: Does maximizing the value of the firm come at the cost of the CSR program? When forming your…

A: The major aim of any organization is making a profit.

Q: Which of the following would a Laissez-Faire economist advocate in a time of economic recession

A: Laissez-faire economist advocate complete freedom of firms.

Q: Most economics textbooks do not mention kickbacks since they assume: Consumers spend their own money…

A: In economics the kickback refers to a type of a negotiated bribery wherein the bribe-taker receives…

Q: What type of society did Karl Marx believe was fair to all workers?         Marx…

A: The objective of the question is to understand the type of society that Karl Marx, a renowned…

Q: How can Government intervention be required in order to redistribute money and wealth to increase…

A: Government intervention plays a vital role in the redistribution of wealth and the promotion of…

Q: How do interest rates and raising capital like bonds help the "postcapitalist" society?

A: International exchange entails more than just the movement of goods and services across borders;…

Q: What caused Americans, and in particular, the middle-class leaders of the Progressive movement, to…

A: Leaders are people who represent the economy at various levels. Leaders are the people who help the…

Q: Which of the below statements does NOT fit in with the ideas expressed by Charles Wheelan in chapter…

A: In a mixed economy, the private sector has the freedom to own and control resources and to make…

Q: What do you see as the strongest moral consideration in favor of capitalism? What do you see as the…

A: Capitalism is an economic system in which the means of production and distribution are privately or…