CON 201 Equilibrium Price and Quantity Questions

CON 201 Equilibrium Price and Quantity Questions

Table of Contents

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CON 201 Equilibrium Price and Quantity Questions

Article:

Hiltzik, Michael. 2019. “How the Rich are Getting an Undeserved Windfall from Social Security.” Los Angeles Times, December 3.

Questions:

1. What is the actuarial adjustment in Social Security? Based on the article, in light of the actuarial adjustments in place, how have demographic changes (and in particular changes in life expectancy among people in different income groups) made Social Security benefits less progressive than they were in the past?
2. While not discussed explicitly in the article, there is a cap on income subject to Social Security withdrawals. Based on our discussion in class, why does the cap exist? How does the existence of the cap further reduce the progressivity of Social Security?
3. Besides recalculating the actuarial adjustments, how does the author of the article propose changing the program to make it fairer? Can you think of other reforms – big or small – that you think would make the program fairer? Describe at least one reform you think should be implemented.

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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