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

Author Question: Assume the Nozick rules are being followed in the economy so that the distribution of income is ... (Read 40 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535
on: May 24, 2019
Assume the Nozick rules are being followed in the economy so that the distribution of income is fair. What must be true for this to create an efficient allocation of resources?
◦ All people are earning equal incomes.
◦ There are no public goods, monopolies, high transactions costs, or external costs and benefits.
◦ The costs of administering redistribution equals the benefits the poor receive.
◦ The government must redistribute income in a fashion that minimizes the "big tradeoff."
◦ The government must allocate resources using a command mechanism.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ahriuashd on May 24, 2019

amit

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ahriuashd

  • Member
  • Posts: 535
Reply 2 on: May 24, 2019
Excellent

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The human body produces and destroys 15 million blood cells every second.

The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Distribution of Aggregate Mining Distribution of Aggregate Mining
Distribution of Rods and Cones on the Retina Distribution of Rods and Cones on the Retina
Assume z is a standard normal random variable. What is the value of z if the area to the right ... Assume z is a standard normal random variable. What is the value of z if the area to the right ...
Clumped distribution of schooling squirrelfish Clumped distribution of schooling squirrelfish
Population distribution patterns Population distribution patterns
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library