ECN 340 Lecture : Chapter 8

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harlequinmallard38

23 Jan 2012

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Exploitation cont y the recipient can subtly say, give me this amount or i will take nothing (deny you the pleasure of seeing me happy)! If the recipient cares, then any reduction in the donors welfare will be a reduction in the recipients welfare eg. your happiness is my happiness. Romantic relationships y defn: my happiness depends on the happiness of the person i love y. The cost is too high given the benefits. Sexual exploitation y an individual would like to give sex to his/her partner but only up to a point. Until one feels comfortable (mc=mb) y some may try to exploit the partner by asking more - if you love me you will y go all the way. So he will behave y y remember that females can exploit males for their own end: if you don t go. It is not exploitation if the person agrees to it (for something in return) y.

Related Questions

A newspaper article once reported that the U.S. economy was experiencing a low rate of inflation. It said that "low inflation has a downside: 45 million recipients of Social Security and other benefits will see their checks go up by just 2.8 percent next year."

a. Why does inflation affect the increase in Social Security and other benefits?

b. Is this effect a cost of inflation, as the article suggests? Why or why not?

crimsonbeaver701

In 2009, it was estimated that the total value of all corn-production subsidies in the United States totaled about $4 billion. The population of the United States was approximately 300 million people that year.

a. On average, how much did corn subsidies cost per person in the United States in 2009? (Hint: A billion is a 1 followed by nine zeros. A million is a 1 followed by six zeros.) Instructions: Round your answer to 2 decimal places. $ per person.

b. If each person in the United States is only willing to spend $0.40 to support efforts to overturn the corn subsidy, and if antisubsidy advocates can only raise funds from 20 percent of the population, how much money will they be able to raise for their lobbying efforts? Instructions: Round your answer to 1 decimal place. $ million.

c. If the recipients of corn subsidies donate just one percent of the total amount that they receive in subsidies, how much could they raise to support lobbying efforts to continue the corn subsidy? Instructions: Enter your answer as a whole number. $ million.

d. By how many dollars does the amount raised by the recipients of the corn subsidy exceed the amount raised by the opponents of the corn subsidy? Instructions: Round your answer to 1 decimal place. $ million.