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Write a brief note on:
a. Characteristics of a good tax system.
b. links between growth of public debt and economic growth
c. Richard Musgrave"s justification for goverment intervention in the economy.
d. Characteristic of good fiscal system.
e. Wagner"s law, and major factors that we led to the growth of goverment expenditures in most countries.
IS-LM-FX Model with Floating Exchange Rate... For each of the following situations use the IS-LM-FX model to illustrate, first, the effects of the temporary shock, and then the policy response. All else equal, there is an increase in the expected no..
Mutt and Je are going to trade corned beef and cabbage. Mutt has 4 pounds of cabbage and no beef, and Je has 4 pounds of beef and no cabbage. Mutt is indifferent between corned beef and cabbage. Je always consumes corned beef and cabbage in fixed pro..
Write at least one primary and one alternative recommendation from the selected strategies in response to each identified planning need. More than one recommendation may be needed to address all of the planning needs. It is suggested that each recomm..
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
A small fitness center that offers only personal training services has the following demand and cost parameters: Demand: The fitness center has found that it has some discretion in pricing¬¬—that is, it can raise price marginally without drastic redu..
Would the outcome of a Hotelling model with prices regulated by the government be efficient?
A Spanish can either produce 3 liters of win or 1 kilos of cheese. A Portuguese worker can either produce 4 litres of win or 12 kilos of cheese Which countries have absolute advantages in which goods? Which countries have comparative advantages in wh..
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
When we speak of "government purchases" in calculating aggregate demand, we mean purchases by a. all levels of government local, state and federal b. local governments only c. he federal government only d. state and federal governments, but not count..
Fred’s Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $100,000. Forecast sales for each of the next three years. What are some of the hazards of employing a..
If she would like for the annual withdrawal to increase by 4% each year over the first 20 years of her retirement, what is the amount of the first year withdrawal?
calculate the mean median also mode for the value of a house also for the value of a car. Illustrate what can you surmise about the data.
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