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