QUESTION 24According to Swift, which is the most accurate statement? The proposalO a. makes good economic sense because it will stimulate the economy and benefit everyone in many ways.O b. provides food for both the needy and the rich.O c, makes good economic sense but does not benefit the poor or rich.O d. benefits the rich in several ways.

Many philosophers, sociologists and economists make their theories relates to the paste and current…

Answered: QUESTION 24 According to Swift, which…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter5: Introduction To Macroeconomics

Section: Chapter Questions

Problem 1.1P

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Some of the poor and middle-income students end up paying high tuition fees inprivately-owned universities and colleges while some of the rich students get to enjoy free or very low tuition fees of state universities and colleges in the country. a.) Why is this happening in the country?
A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth in the standard of living (for example) is a primary goal. Why do you think that is so?
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Please no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
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