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Question: President Trump has proposed a lowering of the corporate income lax rale from 35% to 15% and the top personal income tax rate from 39.6% to 15%. When lie unveiled the tax plan. Treasury Secretary Steven Mnuchin argued that the tax cuts would increase economic growth, which would increase government revenues enough to cover the costs of the tax cuts. The basis for this argument comes from the Laffer curve. Briefly describe the Laffer curve, and the theory behind it Analyze in great detail the potential effects of this policy on economic growth, the-federal government budget deficit and debt, the value of the dollar, and Interest rates. Use data and the theories we discussed in the course to support your answer It is expected that you will bring tables of data and/or graphs to the exam to submit with your answer.
some economist believe that the 2008 economic recession and financial crisis was caused by a perfect storm. explain
1) Name a good with a negative externality. What is the external cost? Will a free market for this good provide too much or too little to be allocatively? how can the government ensure an optimal amount to the good is produced?
In the 1970s, members of OPEC (Organization of the Petroleum Exporting Countries) decided to raise the world price of oil in order to increase their incomes.
What is each country's opportunity cost of producing gloves and hats? If countries could, should they trade? Provide supporting fact to support your position.
Everything looks like a Nail Inc. is a manufacturing company that produces hammers. The company faces a number of different fixed and variable costs.
currently the interest yield on short term treasury bills is near zero. longer term rates for mortgages are under 4.
1.one of the requirements of the noble eightfold path is right livelihood. schumacher suggests that the understanding
An econometrician has calculated that when a firm minimizes its total cost of producing output Q, it uses the following amounts of the inputs, L and K: These are the least cost combinations of L and K. The market wage and rental rates are given by w ..
Some years ago, two intercity bus companies, Greyhound Lines, Inc. and Trailways Transportation System, wanted to merge. One possible definition of the market.
the chief economist for argus corporation a large appliance manufacturer estimated the firms short-run cost function
In order to derive an individual's demand curve for salmon, we would observe what happens to the utility-maximizing bundle when we changea. income and hold everything else constant. b. the price of a close substitute and hold everything else constan..
Develop a Job Application Cover Letter that highlights and emphasizes why you are the person most suitable for your ideal role - identify the skills and abilities that will move your career forward
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