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Q: A question on complete comfort vs. complete freedom?
I thought I’d ask this again here for more diversity of opinion; it seems everyone in the government section is right leaning.

I am going to describe two scenarios and I want you to tell me which scenario you would rather live in and why. Also please include your age, gender, country and political affiliation.

Scenario A:

Your government (and its citizens through a majority vote) has decided that all citizens should be given the basic necessities. Every citizen is given a car and a home to suit their needs. The car is one that is safe, reliable and gets the best gas mileage. You are allowed limited options such as color and whether you want a convertible, two door or four door, and other options are allowed for those who need them such as pickup trucks for farmers, minivans for large families and handicap accessibility features. The homes you get are also suited to your needs with few options, and if the home doesn’t fit your needs you may be asked to move (but in the same town) such as if you have children you can move to a larger house, when they grow up you must move to a smaller house. You also get free healthy food and you have the option of buying junk food with your own money if you so choose. You are not however allowed to buy larger cars or houses due to the environmental impact. You also get your utilities provided for up to a certain limit as well as gasoline and car maintenance (you are free to buy more utilities and gasoline from your own earnings if you wish). Healthcare and education is also provided to each citizen as well as clothing for work and job interviews (other clothing may of course be bought by the individual) as well as free school uniforms for school children. Childcare is covered for everyone and so is care for the elderly, sick and disabled such as home health, hospice, nursing homes and retirement homes.

There are no taxes for anyone making less than $250k per year, and subsidies to get incomes up to 250k for families and 200k for individuals who are working full time and not making that much. People making over that will be taxed, and very wealthy who have more than one million dollars will be taxed heavily.

Scenario B:

You live in a system with total freedom and complete individual responsibility. The government exists only to curb serious crime (murder and rape – there are no more laws against drugs, prostitution or other such crimes and private property is the individual’s responsibility to protect) and to provide a military. Everything is owned by the private sector including schools, roads and fire departments. You must pay for children to go to school, you must subscribe to the fire department to use their services, even emergency room care is not provided to people with no insurance. There are no more public libraries – there are privately owned book rentals instead. You must also pay tolls on every road you drive because they are all privately owned. However, there are no taxes other than a sales tax to fund police and military.

A: Scenario A: Is a two class system, rulers and slaves. You can call it socialism, communism, marxism, dictatorship or fascism.
Scenario B: Is capitalist and libertarian, just one step above anarchy as you describe it.

With proper curbs on crime I prefer B.

Q: Taxpayers gave Chrysler $12 Billion to develop electric car, Fiat kills it. Can we get money back?
http://www.foxnews.com/story/0,2933,573126,00.html

Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid.

The move by Fiat SpA marks a major reversal for Chrysler, which had used its electric car program as part of the case for a $12.5 billion federal aid package.

As late as August, Chrysler took $70 million in grants from the U.S. Department of Energy to develop a test fleet of 220 hybrid pickup trucks and minivans, vehicles now scrapped in the sweeping turnaround plan for Chrysler announced this week by Fiat CEO Sergio Marchionne.

A: We should but we won’t its only money and 0bama thinks that he has an endless supply so he and our spend and spend some more congress won’t even request a refund

Q: Economic problems need help?
1) consider the market for minivans. for each of the events listed here identify which of the determinants of demand or supply is increased or decreased. Then show the effect of the price and quantity of minivans.

a) people decide to have more children.
b) a strike by steel-workers raises steel prices.
c) Engineers develop new automated machinery for the production of minivans.
d) The price of station wagons rise.
e) A stock-market crash lowers people’s wealth

2) Carefully explain the following statement:

a) A country’s GNP is always larger than its GDP.
b) A country’s index of openness can never exceed 100 in values.
c) If a country is industrialized then periods of negative growth in GNP per capita should not be a cause of concern.
d) Large countries tend to be more open than small countries.

3) There have been great concerns about the US trade deficit. Since trade deficit is bad, the US government should pursue a policy to generate trade surplus rather than deficit

4) Consider the following data for a hypothetical economy:

Guns (hundreds): 8 7 5 3 1 0
Butter (tons): 0 4 10 14 16 16.25
a) calculate the Opportunity cost of guns in terms of butter.
b) calculate the opportunity cost of butter in terms of guns.
c) if you observed this economy producing 700 guns and 3 tons of butter, what would you conclude about how this economy is solving the how problem?
d) IF you observed this economy at some later data producing 700 guns and 12 tons of butter, what would you conclude?

5) using the following data, calculate the country’s nominal and real GDP levels:
Case: a b c d
Ps: 5 10 4 4
S: 20 20 40 60
Pt: 1 2 8 8
T: 15 15 12 18

6) If a country is at a point on its PPF where the slope of the PPF is flatter than the Slope of the CIC touching that same point, than the standard of living would rise if outputs of the two goods would change so as to move down the PPF True or False? Demonstrate and explain.

7) Suppose that country A produces two goods under conditions of constant opportunity cost. Given its resources, the maximum S that it can make is 500 units and the opportunity cost of making T is 2. What is the maximum amount of T that it can produce?

8) Suppose that a country produces two goods, X and Y with 2 factors of production, K and L. The production of good X always requires more K per unit than the production of good Y does. What does this imply for the shape of the county’s PPF? explain

9) Suppose that a small, tropical country produces mangoes for domestic consumption and possible for exports. The national demand and supply curves for mangoes in this country are given by the following:
P = 50 – M (national demand)
P = 25 + M (national supply)

where P denotes the relative price of mangoes and M denotes the quantity of mangoes ( in metric tons).
a) illustrate these relationships geometrically.
b) What are the autarky price and quantity exchanged?
c) suppose that the world price of mangoess is 45. Will this small county export mangoes? if so, how many tons?

My answers:

a) Demand ↑ , Price ↑ and quantity ↓
b) supple ↓, price ↑ and quantity ↓
c) supple ↑, price ↑ and quantity ↓
d) demand ↑ , price ↑ and quantity ↑
e) demand ↓, price ↓ and quantity ↓

2)
a)The both provide estimates of total value of sales
b) exports are bigger than its overall levels of production
c) yes because ones they finish industrializing they will grow
d) yes because larger countries tend to buy from other countries rather than small ones.

3) yes because we cant continue to run a deficit, because a countries will want the money back

4)
a) 4
b) ¼
c) producing inefficient
d) producing unattainable

A: wow, impressive. Don’t worry about it it will all be over in 2012, for the ones who believe in Jesus Christ, cause we’re outta here, just repent and get saved.

Q: Compete comfort vs. complete freedom – a question?
I am going to describe two scenarios and I want you to tell me which scenario you would rather live in and why. Also please include your age, gender, country and political affiliation.

Scenario A:

Your government (and its citizens through a majority vote) has decided that all citizens should be given the basic necessities. Every citizen is given a car and a home to suit their needs. The car is one that is safe, reliable and gets the best gas mileage. You are allowed limited options such as color and whether you want a convertible, two door or four door, and other options are allowed for those who need them such as pickup trucks for farmers, minivans for large families and handicap accessibility features. The homes you get are also suited to your needs with few options, and if the home doesn’t fit your needs you may be asked to move (but in the same town) such as if you have children you can move to a larger house, when they grow up you must move to a smaller house. You also get free healthy food and you have the option of buying junk food with your own money if you so choose. You are not however allowed to buy larger cars or houses due to the environmental impact. You also get your utilities provided for up to a certain limit as well as gasoline and car maintenance (you are free to buy more utilities and gasoline from your own earnings if you wish). Healthcare and education is also provided to each citizen as well as clothing for work and job interviews (other clothing may of course be bought by the individual) as well as free school uniforms for school children. Childcare is covered for everyone and so is care for the elderly, sick and disabled such as home health, hospice, nursing homes and retirement homes.

There are no taxes for anyone making less than $250k per year, and subsidies to get incomes up to 250k for families and 200k for individuals who are working full time and not making that much. People making over that will be taxed, and very wealthy who have more than one million dollars will be taxed heavily.

Scenario B:

You live in a system with total freedom and complete individual responsibility. The government exists only to curb serious crime (murder and rape – there are no more laws against drugs, prostitution or other such crimes and private property is the individual’s responsibility to protect) and to provide a military. Everything is owned by the private sector including schools, roads and fire departments. You must pay for children to go to school, you must subscribe to the fire department to use their services, even emergency room care is not provided to people with no insurance. There are no more public libraries – there are privately owned book rentals instead. You must also pay tolls on every road you drive because they are all privately owned. However, there are no taxes other than a sales tax to fund police and military.

A: Scenario A might sound good, but the trouble is that having all of your needs guaranteed is a motivation killer. Why would somebody work if they are guaranteed to get what they need? And if nobody works, then who finances this utopia? Scenario B might sound good, but is it really total freedom to be dependent on private corporations for everything? Are you really free if you have to rely on a for profit entity to supply basic protections such as roads and bridges, and fire departments, and at least a fundamental social safety net? What happens to the disabled, the mentally retarded, the chronically ill in such a society? This is a false choice; A is not perfect comfort, nor is B perfect freedom. The choices are between two dysfunctional societies that would be miserable for their citizens.

Q: Spiritually speaking, would you choose complete comfort or complete freedom?
Before anyone points out this is the 3rd time I’ve asked this, it’s for a paper and I need lots of answers from different types of people.

I am going to describe two scenarios and I want you to tell me which scenario you would rather live in and why. Also please include your age, gender, country and political affiliation.

Scenario A:

Your government (and its citizens through a majority vote) has decided that all citizens should be given the basic necessities. Every citizen is given a car and a home to suit their needs. The car is one that is safe, reliable and gets the best gas mileage. You are allowed limited options such as color and whether you want a convertible, two door or four door, and other options are allowed for those who need them such as pickup trucks for farmers, minivans for large families and handicap accessibility features. The homes you get are also suited to your needs with few options, and if the home doesn’t fit your needs you may be asked to move (but in the same town) such as if you have children you can move to a larger house, when they grow up you must move to a smaller house. You also get free healthy food and you have the option of buying junk food with your own money if you so choose. You are not however allowed to buy larger cars or houses due to the environmental impact. You also get your utilities provided for up to a certain limit as well as gasoline and car maintenance (you are free to buy more utilities and gasoline from your own earnings if you wish). Healthcare and education is also provided to each citizen as well as clothing for work and job interviews (other clothing may of course be bought by the individual) as well as free school uniforms for school children. Childcare is covered for everyone and so is care for the elderly, sick and disabled such as home health, hospice, nursing homes and retirement homes.

There are no taxes for anyone making less than $250k per year, and subsidies to get incomes up to 250k for families and 200k for individuals who are working full time and not making that much. People making over that will be taxed, and very wealthy who have more than one million dollars will be taxed heavily.

Scenario B:

You live in a system with total freedom and complete individual responsibility. The government exists only to curb serious crime (murder and rape – there are no more laws against drugs, prostitution or other such crimes and private property is the individual’s responsibility to protect) and to provide a military. Everything is owned by the private sector including schools, roads and fire departments. You must pay for children to go to school, you must subscribe to the fire department to use their services, even emergency room care is not provided to people with no insurance. There are no more public libraries – there are privately owned book rentals instead. You must also pay tolls on every road you drive because they are all privately owned. However, there are no taxes other than a sales tax to fund police and military.

A: Scenario A though looks lucrative, how the government will get funds to do such free without a contribution to government as no one needs to work? This cannot sustain.

Scenario B is time tested, practical and happening to a common man everywhere in the planet though every government may claim something else.

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