Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
8th Edition
ISBN: 9781337607735
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 20, Problem 5QR
To determine
The difference between utilitarian, liberal and libertarian towards equalizing.
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Students have asked these similar questions
what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian, institutionalism, chicago, behavioural, feminist, buddhist, ecological and evolutionary economics think about income inequality and what there proposed solutions?
Suppose the teacher for your course, "Principles of Economics" is a libertarian and adheres strictly by its
principles in running your economics class. What policies would you expect your teacher to institute?
Policies a Libertarian Would Enforce
Policies a Libertarian Would Not Enforce
The teacher, seeing grade inequality,
decides to give points from the best student's
test to the worst's students test.
The teacher decides
to give everyone in the class
an A.
The teacher punishing
a student for cheating on
her income equality and
poverty homework assignment.
Grade the class on a curve
to ensure even grade distribution.
When proctoring a test, your teacher requires all
students to be given the test face down
and all turn over your tests at the same time so
that no one has a time advantage.
https://data.oecd.org/inequality/income-inequality.htm
Chapter 20 Solutions
Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
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