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Assignment:
Democracy and Taxes
After reading Special Topic 1 and Special Topic 2, write a 2-page paper answering and describing: Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss.
Your pharmaceutical firm is seeking to open up new international markets by partnering with various local distributors.
Over a ten year period, the monthly charge for cellular phone service decreased from $80 per month to $30 per month. At the same time, the number of subscribers increased from less than 5 million to more than 125 million.
a. Determine the (pretax) accounting profit for this venture. b. Determine the (pretax) economic profit for this venture.
How will managers of a monopolistically competitive firm decide on the optimal level of production? Elucidate. Explain market forces that come into play in the short run if a monopolistically competitive firm is making a positive economic profit. How..
Your mother owns and runs an arts and craft store and business is doing well. She would have otherwise been employed as a high school geography
How the Federal Reserve is organized and the Fed's major policy tools.
1. Explain whether each event changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of these.a. Car-makers in Australia switch to a new technology that raises productivity.
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 old days lighthouses were built along the coast to prevent ships from runnung around on the rocks in unfamiliar ports. By shining a beam of light over a port and guiding ships away from the rocks, these vital buildings reduced the risk for ..
what is the mechanism in the economic system that guarantees the saving of the economy will always equal the investment
Explain why a stable economic equilibrium requires the economy to be operating at an output level at which the aggregate demand curve, the long run aggregate supply curve and the short run aggregate supply curve all intersect
this line is aimed at the low end of the market and isnt constructed on a wheel base. writing instruments. this line
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