Economists Edward Lazear and Robert Michael have calculated that the average family spends two and a half

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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 the 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?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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