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2. Neoclassical economists claim that capitalism results in a fair distribution of income. [A] What do they mean by a fair distribution of income?
2. Neoclassical economists claim that capitalism results in a fair distribution of income. [A] What do they mean by a "fair" distribution of income? [B] What are the two assumptions they make about the production process in the capitalist economy to justify their claim about the fair distribution of income in a capitalist economy? [C] Why are these two assumptions problematic?
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A Definition of Fair Distribution of Income Neoclassical economists who advocate for capitalism often argue that a fair distribution of income is one that reflects the marginal productivity of individ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
