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The well-being scores of a low-income person and a high-income person are 5.20 and 7.50, respectively. If $25,000 were redistributed from the high-income person to
The well-being scores of a low-income person and a high-income person are 5.20 and 7.50, respectively. If $25,000 were redistributed from the high-income person to the low-income person, the well-being of the high-income person would fall by 0.05, while the well-being of the low-income person would rise by 0.80. Consequently, this redistribution causes total well-being to: fall by 0.85. rise by 0.75. rise by 0.85. fall by 0.75.Because the private insurance market _____ that everyone can get certain forms of insurance, the government steps in and social insurance is provided by _____. fails to ensure; private insurance firms ensures; private insurance firms fails to ensure; taxpayers ensures; taxpayers
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