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In an hour, a baker earns $10, a gas pump attendant earns $6, and a copy shop worker earns $7. Suppose that the government introduces an income tax of $1 an hour. Calculate the marginal tax rates for bakers, gas pump attendants, and copy shop workers. Is this tax progressive or regressive?
In 1981, a Boston-based gas station owner set the highest gasoline prices in the nation. During that summer, he charged $1.69 per gallon for unleaded gas during the daytime and $2.59 per gallon at night, when other downtown gas stations were close..
Explain in terms of the environmental Kuznets curve.
Calculating the price elasticity of demand - A step-by-stepguideSuppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consumer sales decreased from 446,000 to 321,000 laptops.
Which force do Heckscher and Ohlin identify as the basic determinant of comparative advantage and trade?
What has happened to the volatility of interest rates since 1982? Does your answer change if your measure of the interest rate is the ten-year government bond rate?
Find a contemporary example of a case where a company (or brand) was boycotted for its negative CSR practices, and post the URL to the company.
Suppose for an economy the nominal GDP for 2005 is $1,000 million, and the nominal GDP for 2006 is $1,281 million. The GDP chain price index for 2005 is 100, and the GDP chain price index for 2006 is 105.
A sheet of silicon contains 100 microprocessors all of which are the same size and type. The production process generates 20 imperfections on each sheet. 1) What is the probability that a microprocessor will have 0 imperfections
The $75000 outlay will be charged off as an expense by the firm this year (Year 0). The returns estimated from the program in the forms of greater productivity and less employee turnover are as follows (on an after-tax basis):
Assuming that the levels of human capital and technology are constant, each 1% rise in physical per worker raises output per worker by 0.33% Suppose that physical capital per worker rises by 1.5% in a given year. Which one of the following best re..
How are population growth, poverty, and land pressures interrelated? Explain how these problems can create a vicious circle of events.
Some economists argue that immigration will overwhelm the welfare system, others that immigration will avert a pensions crisis. Which view do you support, and why?
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