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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 3
Discuss the "leaky bucket" analogy (page 456) with your classmates. What maximum amount of income would you personally allow to leak from the bucket in transferring money from the rich to the poor Explain why people differ in their answers to this question.
Explanation
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One would personally allow leaking 40 pe...
Economics 12th Edition by William Baumol, Alan S Blinder
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