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1. In a society in which households differ significantly in income, two processes occur simultaneously that affect where households live: the Tiebout process and the separation process. Explain each.
2. Using a diagram, explain what happens to the price of homes if a property tax is levied and the local government (A) completely wastes the revenue and (B) uses the revenue to provide good quality schools, police, and fire protection.
3. Compare a private school system to a public school system.
4. Use a diagram to explain the optimal quality of a public school and how taxes can be set so that there is unanimous support for this quality from its citizens.
5. Explain how the EITC works and how it differs from welfare.
6. Explain why government borrowing shifts the burden from present taxpayers to future taxpayers.
According to a utilitarian, total social utility will be maximized when marginal dollars are distributed to the people with the
A patent defense provision of a license is activated in which of the following situations?
Increasingly, a key goal of marketing is to develop deep, enduring relationships with all people or organizations that could directly or indirectly affect the success of the firm’s marketing activities. Discuss the merits of relationship marketing. D..
How does what we measure determine successful or unsuccessful outcomes. Give concrete examples of measurement and/or measurement systems and how they determine outcomes. In addition, discuss the definition of success from an individual, corporate and..
Suppose that the government imposed a $1 tax each time someone used an ATM. How would this tax affect output and the price level in the short and long run?
Describe how a surplus of money leads to a change in bond prices and interest rates. Explain all the steps.
DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.
A committee of 4 has to be chosen from 12 representatives, of whom 8 are men and 4 are women. If selection is random what is the probability that.
Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs:
Is elitism or pluralism more persuasive in explaining the behavior of political actors, individuals, and groups of individuals when they interact with government? What core assumption about human beings do both philosophies make to drive their assump..
q.consider an economy with no production. the economy is endowed with 50 bushels of alfalfa a and 50 bushels of barley
Income from recycling plastics is expected to be $2000 in Year 1 and increase by $500 a year for each of the next 5 years if you buy a sorting machine. Draw a cash flow diagram showing your expected income in years 1, 2, 3, 4, 5, and 6 assuming you b..
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