Monday, February 6, 2017

G11 - Week 21 - Day 1

In-class work

  1. Marginal University Economic Growth
    1. The Idea Equation
  2. Economic Growth in the Short-run and Long-run
    1. Exercises 4-11 (p. 338-340 HL Only)
  3. Equity in the distribution of income
    1. The Lorenz Curve and Income Distribution
    2.  Quantifying Income Inequality part 1 - The Gini Coefficient (Index)
    3.  Quantifying Income Inequality part 2 - the 20/20 Ratio
      1. Exercises 1-3 (p. 350)
    4.  Different Tax Systems' Effects on Income Distribution (part 1)
    5. Different Tax Systems' Effects on Income Distribution (part 2)
      1. Exercise 7 (p. 360)
      2. Exercise 8-11 (p. 362 HL Only)
Ongoing Country Information
  1. Figure out unemployment rates
  2. Labor participation rates
  3. Causes of the above?
  4. What are the inflation rates?

23 comments:

  1. I would choose equal opportunity, because that would give me the freedom to pick how hard I'd work for it.

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  2. in would choose equal opportunity as you give everybody a fair and equal chance for something so they are judged by how hard one works and how one is more determined or passionate for something

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  3. I would choose equal opportunity, because equal opportunity can stimulate people‘s passions and create more ideas and competitive market.

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  4. Equal opportunity as it allows everyone to be treated similarly. This would help motivate workers and thus increase productivity.

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  5. I would rather choose equal opportunity. Since if people appropriately apply the opportunities in their life, work smart, work hard, everyone would have chances to be successful. For equal outcome, no matter how much you work harder than other people, you all gets the same amount of income.

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  6. I would choose equal opportunity, because that way people would have to work hard and have good ideas in order to make a greater output.

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  7. It depends on the quality of outcome. If working harder from equal opportunity leads to a big gap in the outcome, then I would go for equal opportunity. So if I work harder and get 50% more reward than the average, then I think equal opportunity is better. But if no matter how hard I work, the outcome is similar, then I would go for equal outcome.

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  8. I would choose equal opportunity because then I have the freedom to make my own choices.

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  9. I would choose equal opportunity. We all have different goals and mindset. With equal opportunity we will have different outcomes. People will achieve more with equal opportunities. For example poor and smart kids will be able to study at top universities and be big in the future.

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  10. I would choose equal opportunity as if everyone has the same opportunity, everyone would have to work hard to be able to become succesful. And if it was equal outcome, people could slack off and still be able to live off of everyone else that was working hard.

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  11. I would choose equal opportunity, because people good at different things and the realistic problems may stop them from doing what they want to do or good at. So the equal opportunity can give people chance to choose what they want to do.

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  12. I would like to choose equal opportunity because I can enjoy the outputs that I deserve based on how much work I could've done.

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  13. I would choose equal opportunity as it gives equal rights to the workers.

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  14. I would choose equal opportunity, so there wouldn't be any argument about unfairness and inequality.

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  15. I would like to choose equal opportunity because I can enjoy the outputs that I deserve based on how much work I could've done.

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  16. Equal opportunity because equal outcome is flawed. For an equal outcome system to be achieved, everyone would have to be the same, have the same ideas, and imagine the same outcome for everyone, which is simply unrealistic. It is for this reason that I chose equal opportunity, because it allows for progression with people's ideas, it allows for those who choose to strive further to success more and not be limited to others who do not take advantage of these opportunities.

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  17. I would personally prefer equal opportunity as it gives everybody the chance to improve their lives, while having equal outcomes removes the incentives for working hard and to progress in technology. Not only that, equal outcomes also caps the roof of one's possible success and improvements.

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  18. I would most likely choose equal opportunity so that it equates to equal rights and give everyone a chance to be equal.

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  19. I would choose equal opportunity. As if everyone had the same opportunities, they would be able all achieve different outcomes. Everyone would be required to work as hard as one another in order to achieve equal outcomes. If some people work harder than others and everyone has equal outcomes, it would be an unfair system.

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  20. I believe that Equality is better than equity. The reason being that with equality your goal is achieve fairness within an economic system. It enables people to have the drive of wanting to close the wealth gap of the rich and poor.

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  21. I would choose equal opportunity instead of equal outcome. This is because if one was to be treated with equal outcome, then some people would be given more than others and this would be unfair.

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  22. I would choose equal opportunity because it gives an equal chance to everyone. This leaves it to the individual person to achieve the outcomes.

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  23. I would choose equity, if possible, since people would more motivated to work and compete, stimulating economic growth.

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