Question

“Actions by individuals and interest groups designed to restructure public policy in a manner that will...

“Actions by individuals and interest groups designed to restructure public policy in a manner that will either directly or indirectly redistribute more income to themselves.” Argue for or against such activities. In your response, provide examples of how those activities impose costs or benefits to our economy.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Arguement in support:

  • It may lead to equality in society and all sections of society can contribute towards the growth and development.
  • Redistribution in support of certain group may help to utilize the resources at the disposal.

Arguement against:

  • Redistribution may compromise the efficiency. since it would not be pareto optimal.
  • Redistribution also reduces the incentives to work and suppress the innovation.
  • Hence, redistribution of income may cause damage to long term growth of economy.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
When a Health Policy taxes particular groups to extend benefits to others the term to describe...
When a Health Policy taxes particular groups to extend benefits to others the term to describe this procedure is Distributive Policy A Regulatory Tool Fragmented Policy Redistributive Policy In the United States the Federal Government Only helps those with private health insurance Is left to fill the gap for the most vulnerable of the uninsured population. Will provide insurance for any individual without health insurance Only provides insurance for those in the military and/or military veterans An example of a...
original question was Consumers and public interest groups are scrutinizing—and sometimes criticizing—the privacy policies of firms...
original question was Consumers and public interest groups are scrutinizing—and sometimes criticizing—the privacy policies of firms and raising concerns about potential theft of online credit card information or other potentially sensitive or confidential financial information. Others maintain online privacy fears are unfounded and that security issues are as much a concern offline. They argue that the opportunity to steal information exists virtually everywhere, and it’s up to consumers to protect their interests. What do you think? * devil's advocate: One...
With reference reference to our Session 2 Case Study (Facebook and Google) respond to the following...
With reference reference to our Session 2 Case Study (Facebook and Google) respond to the following question: 1. Do people who use Facebook have a legitimate claim to privacy when they themselves are posting information about themselves? Explain your position. 2. What ethical, social, and political issues exist? Briefly explain your response. CASE In a 2010 interview, Mark Zuckerberg, the founder of Facebook, proclaimed that the “age of privacy” had to come to an end. According to Zuckerberg, social norms...
The questions to answer regarding the case material are as follows: Company overview . How the...
The questions to answer regarding the case material are as follows: Company overview . How the company uses its own products or services to enhance the total compensation for its employees. The internal strengths and weaknesses you identified and how the company responded to these factors from a total rewards perspective. The external opportunities and threats you identified and how the company responded to these factors from a total rewards perspective. Examples of traditional and non-traditional rewards and how they...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using...
Whatever It Takes: How the Fed Aims to Rescue the Economy The central bank is using tactics from the last financial crisis and deploying new ones to keep money flowing. Here are the basics. The Federal Reserve, under Jerome H. Powell, is moving to shore up the American economy during the coronavirus pandemic. Credit...Yuri Gripas/Reuters By Ben Casselman March 23, 2020 The Federal Reserve on Monday pledged to do, in essence, whatever it takes to keep the economy from collapsing...
Amazon CEO Jeff Bezos’ 2020 letter to shareholders details the company’s plans to combat the coronavirus...
Amazon CEO Jeff Bezos’ 2020 letter to shareholders details the company’s plans to combat the coronavirus Amazon CEO Jeff Bezos just published his annual letter to shareholders, and the efforts his company is taking to address the COVID-19 crisis were front and center. He outlined the company’s plans to build a lab to test employees and the social distancing measures its implemented in its facilities among other initiatives. Other than the coronavirus pandemic, Bezos also discussed the retail giant’s efforts...
What are 4 key things you learned about the topic from reading their paper? How does...
What are 4 key things you learned about the topic from reading their paper? How does the topic relate to you and your current or past job? Critique the paper in terms of the organization and quality. Team 3 answer questions above. Part I In today’s world we see fear among people when dealing with sexual harassment. This leads to people not reporting sexual harassment. A misconception about sexual harassment is that it’s only about touching and forcing other people...
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft?...
Reflect back on your draft. Reread it. Analyze it. What are the strengths of your draft? What areas will need improvement? The Treatment of Special Needs Children Abstract            Special needs children are still on the receiving end of abuse despite the increased clamor against their mistreatment. Also, they are likely to face discrimination and abuse in their homes and their social spheres; they have limited opportunities for quality education and can find trouble getting adequate medical assistance. The management of...
The purposes of this article, capital assets are defined as tangible or intangible assets that are...
The purposes of this article, capital assets are defined as tangible or intangible assets that are used in operations and that have useful lives of more than one year, such as land and improvements to land, buildings and building improvements; vehicles; machinery; equipment; and sewer, water and highway infrastructures. Risk Assessment: A municipality’s capital assets are subject to a number of risks. Local officials must be cognizant of these risks as they seek to effectively manage their municipality’s capital assets....
Assignment: What are the main arguments in the article? Please answer within 5 hours. It is...
Assignment: What are the main arguments in the article? Please answer within 5 hours. It is extremely urgent!!!!!!!!!!!!!!!!!!!!!!!! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- BIOETHICS. Bioethics as a field is relatively new, emerging only in the late 1960s, though many of the questions it addresses are as old as medicine itself. When Hippocrates wrote his now famous dictum Primum non nocere (First, do no harm), he was grappling with one of the core issues still facing human medicine, namely, the role and duty of the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT