Question: Do you think our nations output should be distributed according to income or according to some other standard (such as basic human need)?

Do you think our nation’s output should be distributed according to income or according to some other standard (such as basic human need)?

Step by Step Solution

★★★★★

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

We might discuss both need and contribution to production here And we need not b... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

521-B-E-E-P (137).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

What is the definition of a public good or service? Name some other public goods and services besides crime prevention.

Q:

Why do polluters pollute? Consider various reasons for both individuals and businesses.

Q:

What do you think is the appropriate level of government to deal with pollution? Does it matter what type of pollution we are considering? Why?

Q:

Do you think our nation's output should be distributed according to income or according to some other standards such as basic human needs?

Q:

1. Suppose the President of the Philippines is strong on defense and he is bolstering the Armed Forces of the Philippines (AFP) at whatever cost. How can you use economic logic to make him aware of...

Q:

(0, 5, or 10) Now assume that an early freeze has decreased the apple harvest, and the new supply schedule is shown below. 2a. Has supply increased or decreased? 2b. What are the new equilibrium...

Q:

pen up something you found interesting, assuring or hopeful in the reading below. pen up something you found confusing, contradictory, or you simply didn't like in the reading below. pen up something...

Q:

ls GDP the best indicator of an economy's overall well- being and the welfare of its people? If yes, how does GDP fulll this role? if not, what alternative measures could be considered to better...

Q:

I have attached the question. I will post student question when I receive one later. Chapter 2, Customer Behavior and 3, Segmentation of textbook can also be used. Marketing Management: MKT500 Week 1...

Q:

Cengage 10 th Edition THE LEGAL ENVIRONMENT TODAY BUILDING SKILLS YOU WILL NEED TOMORROW Roger Leroy Miller Chapter 1 Unit 1. The Foundations 1. Law and Legal Reasoning Feverpitched/iStock/Getty...

Q:

The temperature of a gas consisting of rigid diatomic molecules is T = 300 K. Calculate the angular root mean square velocity of a rotating molecule if its moment of inertia is equal to I = 2.1.10-39...

Q:

The management of the Albert Hanson Company is trying to determine the best product mix for two new products. Because these products would share the same production facilities, the total number of...

Q:

Which of the following statements regarding freight is FALSE? If goods are shipped FOB destination, the seller does not record revenue from the sale until the goods arrive at their destination...

Q:

You are implementing a small network and would like to create a WBS. Todd, your assistant, does not want to create a WBS for such a small project. Why should you create a WBS for every project? A. To...

Q:

1. Arthur Okun distinguished between _____prices, which changed rapidly, and custom prices, which are slow to change. 2. For most firms, the biggest cost of doing business is _____. 3. The price...

Q:

1. Which of the following is not a component of aggregate demand? a. Consumption b. Investment c. Government expenditures d. The supply of money e. Net exports 2. In the Great Depression, prices in...

Q:

1. The long-run aggregate supply curve is _____ (vertical/horizontal). 2. A decrease in material costs will shift the short-run aggregate supply _____. 3. Using the long-run aggregate supply curve, a...

Q:

Larissa has been talking with the companies directors about the future of east coast yachts. To this point, the company has used outside suppliers for various key component of the companies yachts,...

Q:

Which of the following are true for both an operating as well as a financial lease: A. Cancellation clauses are lower for financial leases than operating leases. B. Lessor carries insurance and...

Q:

Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $6.3 million. The equipment will be depreciated straight line over 6 years to a value...