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Consider Adam Smith's canons of taxation. Identify on of his ideas and post your thought on its applicability to the current income tax system in the United States. please post the canon of your choice, your premise, and a narrative in support of your premise. for example, if you believe the current system to be convenient or inconvenient, how and why in your opinion is it so?
Assume that a painter produces 20 paintings this year and 20 paintings next year. What is the annual change in nominal GDP if the price of paintings rises from $1,000 this year to $1,500 next year? Can you conclude that the economy grew from this yea..
Describe the key differences between simulation models and the models covered in previous modules, not only from the perspective of their applications, but also from the perspective of computing/solving the models
From an economist's perspective, an important consideration for policies to address global warming is: When a producer cannot get all consumers of their product to pay for enjoying it, such as in the case of a fireworks display, then we'd have a dema..
Why does America have a two-party system?
Prove that every weighted average of three numbers x1
Analyze the forms of aid to developing nations and determine which have the greatest and least amount of impact on a country during a natural disaster.
A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P,
When Seth told Anita, "Your plan for purr semester project is not going to work." she snapped back with, "I don't hear you coming up with anything better." When he asked Anita about the incident later, she explained that PMS (premenstrual syndrome) h..
In the solow model, the level of investment depends on the level of domestic savings. If the level of domestic savings is too low to allow the economy grow to the Golden Rule level without taxation, what other sources could this economy try to tap in..
For all problems consider a market containing four identical firms, each of which makes an identical product. The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are..
The concept of LEAN was originally started and apply with Toyota, however, many automotive manufacturing companies today use this theory. Resources are limited and need to be utilized in the most efficient way as even the most marginal difference can..
"Cost minimization and profit maximization are two sides of the same coin.” Discuss in the light of your personal observation as a rational person or firsthand experience as a manager.
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