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 54 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
Gracias!

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

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.

An example of a medical history sheet to list patient problems. An example of a medical history sheet to list patient problems.
How to solve application problems containing quadratics (Question 3) How to solve application problems containing quadratics (Question 3)
People with Huntington disease develop problems with neuromuscular control and gradually lose the us People with Huntington disease develop problems with neuromuscular control and gradually lose the us
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Linear programming problems Linear programming problems
Video: Antidiuretic hormone (vasoconstriction, water reabsorption & sweat inhibition)

For a complete list of videos, visit our video library