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Category > Political Science Posted 13 Jul 2017 My Price 10.00

Rich Nation Poor Nation, Discussion Questions 600 words in total, writing homework help

A little help pls.

discussion boards. answer each question in 100 words TWICE (They belong to 2 different people). Make the wordings appear like they are two people answering thanks. no references. Just answer

Please read the following excerpts from Miller and Benjamin, Economics of Macro Issues 5th ed. (attached):

•  Chapter 1. Rich Nation Poor Nation

•  Chapter 4. Poverty, Capitalism and Growth

q1)

Consider two countries, A and B, and suppose that both have identical physical  endowments of, say, iron ore. But in country A, any profits that are made from mining the ore are subject to confiscation by the government, while in country B, there is no such risk. How does the risk of expropriation affect the economic endowments of the two nations? In which nation are people richer, and why?

Question 2. (MB ch. 1)

 

In light of your answer to question 1, how do you explain the fact that in some countries there is widespread political support for government policies that expropriate resources from some groups for the purpose of handing them out to other groups?
Question 3. (MB ch. 4)
The income measures discussed in this chapter do not include noncash benefits that are often available to low income individuals, such as food stamps and Medicaid. Do you think such noncash benefits are more likely to be made available to poor people in a rich nation or in a poor nation? Explain your answer. Then ask yourself, how will the difference in noncash benefits in rich nations versus poor nations affect your conclusions regarding relative incomes of poor individuals in capitalist nations compared to noncapitalist nations? Explain this answer as well.

 

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CourseLover
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Status NEW Posted 13 Jul 2017 02:07 PM My Price 10.00

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