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Sauron [17]
3 years ago
11

To illustrate Mill's concern with the uncultivated making poor decisions, consider the following example. Your state government

determines that it has a budget surplus of $5 billion that it must spend before the end of the fiscal year. So, the legislature puts the following to a popular vote: ALL citizens currently residing in the state are entitled to either (1) a free college education; or (2) a free lifetime supply of beer. Because the "uncultivated" among you may not be able to distinguish between the "lower" good of free beer and the "higher" good of free education, do you believe that the majority of citizens would choose the beer? In what, if any, ways might decisions such as this led to the eventual decline of the cultural and intellectual life of your state? Mill argued that we should implement a requirement that people be "competent" judges, familiar with differences, before they could vote. Do you agree? IF so, how should we determine who is competent or who is not?
Business
1 answer:
Rufina [12.5K]3 years ago
8 0

Answer:

Because the "uncultivated" among you may not be able to distinguish between the "lower" good of free beer and the "higher" good of free education, do you believe that the majority of citizens would choose the beer?

Mill believed that a proper utilitarian behavior would favor nobler and higher pleasures, e.g. education, arts, while it will rejects voluptuary or low level pleasures, e.g. free beer for life. That is why he separates people between those who only seek low level pursuits and those that actually seek higher ones.

I would really feel disappointed if the majority of the state's residents voted for free beer, but actually I really believe that it would be the winning option. Sadly, it is like watching Titanic and still hope that Leo will not die. You know its inevitable, but until the last moment you will not accept it.

In what, if any, ways might decisions such as this led to the eventual decline of the cultural and intellectual life of your state?

When I was little (on kindergarten), my teacher taught us 3 things:

  1. my ABC
  2. to sing the Star-Spangled Banner (although no one really remembered the words)
  3. the idea that if you study and work hard enough, you will succeed in life

I hope that other teachers still do the same and keep teaching these things, but I'm not so sure about the third one. Sadfully, as a society becomes less educated and less intellectual, they start to decline. That decline not only represents being dumber, but it also means that every time it will be harder for someone to do the right thing and to be able to succeed.

Mill argued that we should implement a requirement that people be "competent" judges, familiar with differences, before they could vote. Do you agree? IF so, how should we determine who is competent or who is not?

I do not agree with him since the basic premise of democracy is that everyone should be allowed to vote. No one has the right to determine who is competent enough to vote.

E.g. I do not like President Trump, and if I could determine who could vote or not, I would dictate that only people living in large urban areas should be allowed to vote. Why? Because according to me, urban life is better than rural life. This way I would make sure that the Republican party never wins an election again, but is that fair? Of course not. People living in rural areas or small towns have the same right to vote than people living on cities.

The same logic would apply to only allowing people living on wealthy states to vote, or only allowing people of certain race to vote. Whenever someone tries to limit other people's rights, bad things will happen.

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Equestrain Roads accepted a customer's $50,000 zero-interest-bearing six-month note payable in a sales transaction. The product
babunello [35]

Answer:

$4,000

Explanation:

The difference between the face value of note and the issuance value of the note is discount. This discount is recorded and amortized over the note life to maturity. As the note is for 6 months and There are also six months from June 30, to December 31. So, all the Discount of $4,000 ($50,000-$46,000)  will be recognized as Interest Income. This discount can be amortized and recognized as Interest Income on monthly basis or collectively at the year end.

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3 years ago
Wireless communications is likely to be viewed as an essential part of an enterprise network infrastructure when:
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Wireless communications is likely to be viewed as an essential part of an enterprise network infrastructure when communication must take place in a difficult terrain where wired communication is difficult or impossible to build. 

4 0
3 years ago
Suppose that in a month the price of movie rentals decreases from​ $3.25 to​ $3. At the same​ time, the quantity of movie rental
Sergeeva-Olga [200]

Answer:

The correct answer is option a.

Explanation:

The initial price of movie rentals is $3.25.

The initial quantity is 100.

The price falls to $3.

This causes demand to rise to 120.

The price elasticity of demand a ratio of change in quantity demanded to change in price level.

The elasticity is calculated at -2.25, through the process given in images.

The price elasticity of demand here is greater than 1 which means it is elastic.

So, option a is the correct answer.

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3 years ago
During a presidential campaign, the incumbent argues that he should be reelected because GDP grew by 12 percent during his 4-yea
KengaRu [80]

Answer: The real GDP per person grew by 8%. Option C is the correct option

Explanation:

To calculate the real GDP per person, we have to calculate the real GDP growth rate in respect to the growth in population and deflator rate, then multiply it with the GDP growth.

GDP deflator = Nominal GDP ÷ Real GDP

The nominal GDP which includes the addition of population will grow by 4% since the population growth was 4%

GDP deflator increase by 6%

Therefore;

Real GDP = 4% ÷ 6% = 0.66667

THE REAL GDP PER PER PERSON

12% × 0.66667 = 8.00004%

Therefore the the real GDP per person is 8%, which is less than what he said.

8 0
4 years ago
A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest
Yuki888 [10]

Answer:

Present Value of the loan = $19999.36 rounded off to $20000

Explanation:

The present value of loan will comprise of the present value of the principal amount of loan plus the present value of the interest that the loan will charge for the 3 year time period for which it is outstanding. As the interest payments are fixed and occur after equal intervals of time, they are considered an annuity.

To calculate the present value of the loan, we must discount the interest payments using the present value factor of annuity given in the question as 2.5771 and we must discount the principal to present value using the present value factor given in question as 0.7938.

We will first calculate the annual interest payment on loan.

Annual Interest payment = 20000 * 0.08 = 1600

Present value of the Interest payment - annuity = 1600 * 2.5771

Present value of the Interest payment - annuity = $4123.36

Present value of the Principal loan = 20000 * 0.7938

Present value of the Principal loan = $15876

Present Value of the loan = 15876 + 4123.36

Present Value of the loan = $19999.36 rounded off to $20000

7 0
3 years ago
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