Wealth redistribution - Study guides, Class notes & Summaries

State the six macroeconomic objectives Maintaining full employment Economic growth Achieving price stability Balacing exports and imports Environmental sustainability Reducing inequality Give examples of how different macroeconomic objectives can conflict with each other Economic growth and stable inflation Economic growth and balance of payments Unemployment and stable inflation Economic growth and inequality Economic growth and environmental sustainability. Explain wha...

Economics - Unit 1 Economics Fundamentals 100% Pass economics 1. the study of how individuals and nations make choices about ways to use scarce resources to fulfill their needs and wants 2. Social science that deals with the study of the production, consumption, distribution of goods and services and the transfer of wealth to obtain those goods and services. scarcity a situation in which unlimited wants exceed the limited resources available to fulfill those wants trade-offs giving up one thi...

Tribute - Answer- Giving of goods(usually food) to a chief as a visible symbol of the peoples' allegiance. Reciprocity - Answer- A mode of distribution characterized by the exchange of goods and services of approximately equal value between parties. Redistribution - Answer- A form of economic exchange in which goods and services are given by members of a group to a central authority( such as a chief) and then distributed back to the doors, usually in the form of a feast. Bride wealth -...

IAAO Course 402: Chapters 1-7 Latest Update with Verified Solutions In the form of government known as _____________, power is divided between central and regional governments. Federalism ______________ is the cultural concept related to legal relationships about things that can be possessed. Property The main difference between taxes and fees is that taxes are (BROAD / NARROW) and (PROVIDE / DO NOT PROVIDE) the tax payer a direct benefit. Broad Do not provide The U.S. property tax system us...

IOP3703 Exam Memo Part 1 – The competent human being: The latest research shows the importance of developing employees on all levels of the organisation on a continual basis. Human Capacity Development – the focus is on developing behaviour, skills, attitudes and competencies that will enhance the overall quality of a person’s work life. Growth Psychology’s aim is to find and define a healthy personality. They argue that it is necessary for human beings to strive for that a...

Anthropology 101 - EconomicsEconomics - correct answer - Reflective of western economies - focus on captialism/market exchange - Actions of individuals under a condition of scarcity - Utility and maximization - Rational actors Anthropology of Economics - correct answer - Materials realities of day to day existence - Various ways to meet challenges - How are needs defined and met by culture? Original Affluent Society - correct answer - Basic human needs may be met with little work -Ot...

WGU D189 Survey of Pacific Northwest History for Educators Final Exam Which states are in the PNW -British Columbia, WA, ID, OR What is Cascadia? -The North Eastern Pacific east to the continetal divide is called Cascadia. The Cascadian bioregion encompassing the territories of the Alaskan Panhandle, British Columbia, Idaho, Washington, Oregon, northern California and western Montana as well as very small portions of other near by states and provinces. Cascadia is geographically the Co...

When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government benefits will decline substantially as...

When reference is made to the ____________, it means the specific amount of income needed for a basic standard of living. A. poverty trap B. income line C. income gap D. poverty line - ANSWER D A situation of __________ arises when one group receives a higher share of total income or wealth than others. A. poverty B. inequality C. poverty entrapment D. quintiles - ANSWER B Antipoverty programs that are set up so that the amount of government benefits will decline substantially as...