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Question: Policy application. Suppose that your state currently has a uniform assessment rate of 10 percent, but is considering changing to a classi?ed system of property in which owner-occupied property is assessed at 10 percent, farm property and undeveloped land at 5 percent, and all other property (including rental, commercial and industrial) at 15 percent. Evaluate this proposal from an ef?ciency and equity perspective.
If the euro appreciates by 30%, what will happen to imports of Mercedes-Benz automobiles in the United States?
1. what is the consumption function and how is it related to the marginal propensity to consume?2. what is the
Suppose that Dr. Slight has $100 to spend on goods X and Y. Each good costs $1. Dr. Slight’s preferences are such that he will exchange one unit of Y for two units of X to maintain his wellbeing, regardless of how much of each he is currently consumi..
What organizational characteristics facilitate embracing accidents as sources of innovative products and services? Consider 3M and Post-it Notes.
Show that for an inferior good the demand curve for Marshall is steeper than the Hicksian demand and show the effects
Potential incidents represent threats that have yet to happen. Why is the identification of the threat important to maintaining security?
suppose this years money supply is 800 billion ngdp d 20 trillion and real gdp is 8 trilliona. what is the price level?
Suppose that two people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle devotes all her resources to growing potatoes
As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on production in the next period.
What is the importance of trade agreements, and how is international trade related to the standard of living of the United States (as opposed to that of a small industrial nation or to a developing nation)? What significance do trade agreements..
Consider a simple economy in which investment is constant and equal to $100 billion. There is no government or foreign sector, and the price level is constant. What is the value of the marginal propensity to consume?
Examine the manner in which the firm's decision to outsource offshore is impacted by foreign exchange. Determine whether or not it matters where the company outsources offshore. Provide a rationale for your response.
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