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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 2
Economists Edward Lazear and Robert Michael have calculated that the average family spends two and a half times as much on each adult as they do on each child.
a.Does this mean that children are deprived and that he distribution is unfair?
b.Do you think these percentages change with family income? If so, how?
c.Do you think that the allocation would be different in a family in a command economy than in a capitalist economy? Why?
a.Does this mean that children are deprived and that he distribution is unfair?
b.Do you think these percentages change with family income? If so, how?
c.Do you think that the allocation would be different in a family in a command economy than in a capitalist economy? Why?
Explanation
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Here, given the problem is about inequit...
Macroeconomics 8th Edition by David Colander
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