What are the effects of unemployment on the individual unemployed person? What are the effects on the economy? Which effects are more serious?
Answer to relevant QuestionsDo you think our nation’s output should be distributed according to income or according to some other standard (such as basic human need)? Consider pollution, congestion, and other problems in our large cities. People often demand additional roads and parking structures to handle these problems. How might these measures be self-defeating? What are other ...Many have argued that the government should attach a value to homemaking services and include this value in gross domestic product statistics. Do you agree? Why? Consider recent changes in the federal personal income tax. What is the effect on income distribution? Do you believe this is fair? Why or why not? What do you think of the European approach to encouraging conservation in gasoline use by imposing very large excise taxes on gasoline? Do you think this would work in the United States? Do you think it makes a difference if ...
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