Econ 205 Final Exam Questions and Answers 2023

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Economic Egalitarianism suggests that everyone should have... - -the same amount of income and wealth -Instead a doctrine of egalitarianism Frankfurt advances a doctrine of: - -Sufficiency -Acco... rding to Frankfurt it is possible to compare each individual's utility for money - -False -According to Nozick equality of opportunity is problematic because it... - -Involves a conflict of rights between individuals -Creative destruction is related to... - -Economic activity when the new industries displace the old ones -Examples of the creative destruction process are... - -Innovation in the transportation and communication industries -According to Alm & Cox, society cannot reap the benefits of creative destruction unless... - -We are willing to accept some may be worse off as a result -Creative destruction benefits are related to - -Increased productivity -According to the Gardiner, climate change is difficult to adress because: - -It is a complex issue [Show More]

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