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There is considerable debate about taxation and inequality of incomes in the US. One method of transferring money would to increase taxes on products purchased primarily by wealthy persons. Would you favor increasing taxes on luxury items such as expensive jewelry, luxury automobiles, yachts, and similar products?
Assume that the typical household behaves according to Irving Fisher's two-period model, that consumption in both periods is a normal good, and that households are initially savers. Explain using a diagram how a tax cut in period two affects co..
Managers/Leaders need to understand how data increases their ability to link information performance, and strategy more effectively to make sound decisions.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What conditions would encourage research and development in competitive ..
In a gambling game a woman is paid $3 if she draws a jack or a queen and $5 if she draws a king or an ace from an ordinary deck of 52 playing cards. If she draws any other card, she loses.
The demand for housing its often described as being highly cyclical and very sensitive to housing prices and interest these characteristics describe the effect of each of the following in terms of whether it would increase or decrease the quantity de..
Immigration has both positive and negative implications for the United States' economy. What is your opinion regarding immigration as it pertains to the factor endowment model of Heckscher and Olin? Does immigration hinder or facilitate internati..
You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions
While Canadian vaccination rates are high, the outbreaks of measles in five provinces during 2014 show that not everyone is getting them.
The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking
What is the monthly payment for a 3-year new car loan when the nominal interest rate is 12%? After rebates, down payments
For each of points 'a', 'b', 'd' and 'e' on the graph, calculate the price elasticity of demand (PED) and state the nature of elasticity (e.g. perfectly inelastic) at that point.
Through which channels does a binding minimum wage affect employment? Illustrate this effect with a diagram. According to recent research what are the employment effects of minimum wages?
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