1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grigory [225]
3 years ago
6

There are three equally-sized distinct subpopulations in Utopolis: unemployed, workers, and retirees. There are four possible so

cial states which result in different utility levels for the three subpopulations:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1

a. Which social states might plausibly be chosen by the government of Utopolis? And Why?
b. There is a government election in Utopolis with two candidates: a Rawlsian and a Utilitarian candidate. Each candidate promises to enact one of the social states above. If the majority of citizens elect the candidate, which social state will be enacted?
Business
1 answer:
vladimir2022 [97]3 years ago
6 0

Answer:

Utopolis

a. Social states chosen by the government of Utopolis are:

Social State  Unemployed  Workers  Retirees

A                              12             50              10

D                               1              40                1

The reason for choosing these social states is that the social states of A and D reduce the headache felt by the government in managing unemployment and paying pensions to retirees, unlike the social states of B and C, which have equal numbers of the distinct subpopulations.

b. The enacted social state will be D.  This is the social state preferred by the majority of citizens.  There is a utopian economic condition achieved with social state D unlike with other social states.

Explanation:

a) Data and Calculations:

Utility levels in Utopolis:

Social State  Unemployed  Workers  Retirees

A                              12             50              10

B                             20             20             20

C                             15              15              15

D                               1             40                1

You might be interested in
Cutting taxes
gladu [14]

Answer:

The answer is D) will raise disposable income and raise spending

Explanation:

When taxes are cut disposable income increases as there is less income used to pay taxes. If there is a higher amount of disposable income available then spending will increase as well as spending appetite.

Cutting taxes is a easy way to stimulate spending in an economy.

The correct answer is therefore D) will raise disposable income and raise spending.

Cutting taxes can also increase aggregate demand which can lead to higher economic growth as well.

8 0
2 years ago
Read 2 more answers
Why is it important for business people, who are increasingly exposed to research results, to study marketing research?
LUCKY_DIMON [66]

Answer:

D) All of the above

  • a. So they won't take research results at face value
  • b. So they will know how to ask the right questions about the research
  • c. So they can determine the validity of the results

Explanation:

Marketing research is defined as the process of collecting, analyzing and interpreting information that can be used to develop, implement and monitor a company's marketing plan.

Imagine if a manager received a study, he/she cannot take for granted that the study was well developed, carried out and the results were interpreted correctly. The manager must know how to evaluate if the parameters of a research are correct or if the results are valid or not.

4 0
3 years ago
A contract or ________ stipulates in writing all the client's requirements and gives all of the relevant information.
Scrat [10]

It should be noted that contract or event profile is usually stipulated in writing all the client's requirements and gives all of the relevant information.

An event profile can be regarded as set of event scripts, which helps to give description about an event.

This profile or contract do list out all the requirements that is needed by a company from the client in executing their services.

Therefore, contract or event profile serves  all the client's requirements and gives all of the relevant information.

Learn more about contract or event profile at:

brainly.com/question/24858866

7 0
2 years ago
During world war i the u.s. military developed the _____ to screen millions of recruits.
hichkok12 [17]
Army Alpha and Army Beta Test
7 0
3 years ago
Read 2 more answers
Pools purchased $ 60 comma 000 of 14​% DMH bonds on January​ 1, 2018​, at a price of 159.5 when the market rate of interest was
Damm [24]

Answer:

Initial purchase of the bonds on 1st January 2016

Assuming that $60,000 bonds includes 600 bonds with face value of $100 each

Now, Lamar insurance purchased these bonds at a discount price of $159.5 each bond.

So, the total amount invested by Lamar insurance = 600 bonds * $159.5 = $95,700

Therefore journal entry for recording purchase of bonds on 1st January 2016 will be,

Investments in bonds A/c Debit $95,700

To, Bank/Cash A/c credit $95,700

Note: The bonds have been issues at a discount and it seems to be reasonable owing to the fact that the market interest rate is 6% , whereas the bonds have a interest rate of 14%.

Interest entry on the first interest payment date of 1st July 2016

Interest amount to be received on 1st July 2016 = ($60,000 *14%)*6/12 = $4.200

Since interest is paid semi annually, therefore we have taken interest for 6 months.

Journal entry will be:

Bank A/c Debit $4,200

To, Interest on bonds A/c Credit $4,200

5 0
2 years ago
Other questions:
  • Adkins Appliances buys 10,000 shares of stock in Charlie Company for $10 per share on January 2 of the current year. Adkins owns
    9·1 answer
  • Explain Labour turnover
    8·1 answer
  • Three companies well known for their strong csr orientations are:
    8·1 answer
  • Anna is 88 years old and under the legal guardianship of her daughter. one day anna receives a telephone call from a health insu
    9·1 answer
  • In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
    9·1 answer
  • Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017. Garcia Compa
    15·1 answer
  • All of the following statements concerning shortage are true, EXCEPT: Group of answer choices
    13·1 answer
  • At the end of the current year, Accounts Receivable has a balance of $990,000; Allowance for Doubtful Accounts has a debit balan
    15·1 answer
  • Which of the following would result if a business purchased equipment with a 40% down payment in cash
    14·1 answer
  • olmstead industry has 9.40% coupon bonds outstanding with a price of $1,023.58. interest is paid semiannually and the yield to m
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!