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Question: Which of the following example(s) describe a proportional tax?
- Social Security tax rate of 6.2% on earned income below $117,000 and 0% on income earned above $117,000
- Medicare payroll tax of 2.9% of income for everyone, regardless of how much they earn
- Income tax with a 10% tax rate on low income households and 20-30% tax rates on higher income households
A product is "unreasonably dangerous" when it is dangerous beyond expectations of the ordinary consumer. Whose expectations apply here? Why?
Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989. What economic factors contributed to the restructuring of the water industry?
What is the equilibrium constant in economics? Give examples
Compare the primary costs involved in cleaning up the water immediately (and thus confessing) versus hiding your culpability now and possibly paying more in the future. Predict the impact on profitability in both situations. Justify your response.
Consider a two-period consumption savings model under uncertainty - he higher the uncertainty (ε), the larger the saving (or the smaller C1.
Create an informal hand-written spreadsheet of your own household economy. Identify all the factors of production that your household owns, and count all the person-hours available and any capital.
BAA is a private company that operates some of the largest airports in the United Kingdom, including Heathrow and Gatwick - The additional cost BAA incurs each time one of the 90 different airlines utilizes the runway is £950 provided 70 or fewer ai..
Use the following table to work out in which year the U.S. standard of living (i) increase and (ii) decreases. Explain your answer. Year Real GDP Population
Why did Blockbuster become the dominant movie rental firm? What do you think are its value and cost drivers? How did it defend against competitors?
You observe an Olympic Athlete in the long-jump. Suppose the distance of each jump is a random variable that follows a normal distribution with mean and variance2. He jumps 8 times and records the following distances.
there are leaders in every field of study and business around the world. select a business leader you admire. use the
A family needs a $50,000 down payment for the purchase of a house. In order to reach their $50,000 target, how much does the family need to contribute monthly to a savings fund, over 10 years, that pays 3.5 % interest compounded quarterly?
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