EBK PRINCIPLES OF MICROECONOMICS
7th Edition
ISBN: 8220101472380
Author: Mankiw
Publisher: CENGAGE L
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Chapter 20, Problem 4CQQ
To determine
The 'original position' behind the veil of ignorance.
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Is it just to tax the rich to give to the poor? Should the government tax Bill Gates and other wealthy people and use the money to supplement the income of unemployed people, single mothers with low incomes, or other poor people? Should the government tax rich people and loan the money interest free to poor kids so that they can go to college? Or would all of that be unjust? Make sure to mention ethical egoism, and altruism in your answer.
Which fact is Rawls's thought experiment of the "original position" behind the "veil of ignorance" meant to draw attention to? the station of life each of us was born into is largely a matter of luck outcomes are efficient only if everyone begins with equal opportunity most of the poor do not know how to find better jobs and escape poverty the rich have so much money that they don't know how to spend it all.
H10.
In-country 2, each month everyone is sent $7000 by the government, and no one can earn anything above that income (although they can spend it on whatever they want). In-country 3, there is a small percentage of people that make $100,000 a month, but everyone else earns between $6,000 and $10,000 a month.
Which of the two countries would John Rawls argue is more just? Using evidence from the class and readings, why or why not?
Chapter 20 Solutions
EBK PRINCIPLES OF MICROECONOMICS
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