Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

In the USA, a great premium (value) is placed on:

(a) economic success and

(b) the outward signs that signify this success to others.

Many adults (and even young adults) get great pleasure from how other people see their cars, homes, and other ways of spending money.  The rich often get BIG pleasure from flaunting their wealth (buy buying expensive things or by making a big deal about their charity and donations to worthwhile causes).  All of this behavior is perfectly normal and does not need to be criticized.

Now, a great many people who are eligible for Food Stamps do not use them.  Why do you think this is the case?  Do you think this has anything to do with the thought expressed immediately above.  What about you?  If you were eligible for food stamps, would you use them? Would it make a difference if you were alone at a checkout counter or with a group of friends?

PS- The answer to this question goes a long way to explain why with many welfare programs in the USA, only a fraction of the people eligible take advantage of the program.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92568257
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Economics

Determine the sample size n needed to construct a 99

Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when σ=24 and the margin of error equals 9.

A random sample of the closing stock prices in dollars for

A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that sigma σ is ?$2.59. Construct the 90?% and 99?% confidence intervals for the population mean. Interpret th ...

You work at patty king home of the cinnamon roll breakfast

You work at Patty King, home of the Cinnamon Roll Breakfast Sandwich, as the manager of the early morning shift. You want to estimate the probability that at least 5 customers enter the store in the next 10 minutes. Woul ...

An urn contains 5 red and 10 blue balls balls are drawn

An urn contains 5 red and 10 blue balls. Balls are drawn sequentially from urn without replacement. Let X be the number of draws necessary in order to obtain exactly 4 red balls. Find probability mass function of X

What is the difference between a positive economic

What is the difference between a positive economic statement and a normative one

Find the probability that 4 randomly selected people all

Find the probability that 4 randomly selected people all have the same birthday, given that all of them were born in September. Ignore leap years.

In an experiment with equiprobable outcomes the sample

In an experiment with equiprobable outcomes, the sample space is S = {1,2,3,4} with P(s) = 1/4. A1 = {1,3,4}, A2 = {2,3,4}, A3 = ∅(null set). Are the events independent? Show all works.

Explain the real-nominal principle in detail this is from

Explain the real-nominal principle in detail? This is from Economics course.

A professional baseball pitcher takes 1566 seconds to throw

A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...

In a sample of phd students 80 have paid assistant-ships a

In a sample of PH.D students 80% have paid assistant-ships. A student is chosen at random from this sample. What is the probability that the student has a paid assistant-ships?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As