This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the Haig-Simons definition of income? Are there any practical problems in implementing the ... (Read 68 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jul 1, 2018
What is the Haig-Simons definition of income? Are there any practical problems in implementing the Haig-Simons definition?
 
  What will be an ideal response?

Question 2

The appropriate contract for the development of a one-of-a-kind submarine employing a considerable amount of new technology is a fixed fee contract.
 
  a. True b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

The Haig-Simons definition of income is the dollar value of the maximum amount that one can consume over a given period of time without reducing the value of one's wealth. There are some practical problems in implementing it. First, it is not always clear what the value of an asset is until it is sold in a market. Second, if implemented fully, someone might have to sell an asset in order to pay the taxes due on the asset. This might be considered to be unfair on equity grounds.

Answer to Question 2

b


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jul 1, 2018
:D TYSM

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Differentiating nursing diagnosis from collaborative problems Differentiating nursing diagnosis from collaborative problems
Common Physical and Mental Health Problems of Different Cultural Groups Common Physical and Mental Health Problems of Different Cultural Groups
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
How to solve rate problems leading to fractional equations (Question 1) How to solve rate problems leading to fractional equations (Question 1)
Income Inequality in the United States: 1947–2009 Income Inequality in the United States: 1947–2009
Word Problems Algebra Questions Help pls Word Problems Algebra Questions Help pls
Video: Genetic distance between human groups

For a complete list of videos, visit our video library