Our Text Summarized Research by Stivers (2005a, 2005b) on Parents

question 9

Essay

Our text summarized research by Stivers (2005a, 2005b) on parents advocating for children who have upper respiratory infections. What kind of data did she collect, how did she analyze the data, and what did she find?

Understand the influence of economic incentives on individual's choices, including work, education, and consumption.

Understand the historical trends in federal spending on defense and healthcare.

Comprehend the total government spending as a percentage of the U.S. economy.

Recognize the changes in real federal spending per person over time.

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Definitions:

Impossibility Theorem

A proposition demonstrated by Kenneth Arrow showing that no system of aggregating individual preferences into social decisions will always yield consistent, nonarbitrary results.

Voting Paradox

A simple demonstration of how majority-rule voting can lead to seemingly contradictory and inconsistent results. A commonly cited illustration of the kind of inconsistency described in the impossibility theorem.

Social Choice

The problem of deciding what society wants. The process of adding up individual preferences to make a choice for society as a whole.

Estate

The property that a person owns at the time of his or her death.