Discuss the policy application

Assignment Help Microeconomics
Reference no: EM131550075

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.

Reference no: EM131550075

Questions Cloud

The act of bringing about the death of a hopelessly ill : The act of bringing about the death of a hopelessly ill and suffering person in a relatively quick and painless way for reasons of mercy.
Discuss the three key elements of physical evidence : Service Blueprint: A service blueprint visually describes and identifies the tasks, activities and means of achievement for a particular service.
Use the social media to create the buzz : You are assisting with the coordination of marketing activities for Blisters hardware store. They are expanding their operation by opening a new store in Rouse.
Define equal number of each customer type : The latest Xbox sells for $800 to competitive gamers, who would pay only $600 if they have to wait a year.
Discuss the policy application : Policy application. Suppose that your state currently has a uniform assessment rate of 10 percent, but is considering changing to a classi?ed system.
Evaluate the given statement : "Rich democracies tend to protect farmers at the costs of consumers whereas authoritarian regime tend to subsidize Urban residents."
What is my currency risk : I run a lemonade stand. I buy lemons from Mexico. I pay in Pesos. I plan to buy 50,000 lemons in May, June, July and August. It's a very big lemonade stand.
What is capital budgeting : What are the tools in evaluating management decisions?
What is the ratio analysis and horizontal analysis : A report of analysis of financial performance and financial condition of a company listed in Tokyo Stock Exchange.

Reviews

Write a Review

Microeconomics Questions & Answers

  What will happen to imports of mercedes-benz automobiles

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

1. what is the consumption function and how is it related to the marginal propensity to consume?2. what is the

  Holding his preferences constant

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..

  Organizational characteristics facilitate embracing accident

What organizational characteristics facilitate embracing accidents as sources of innovative products and services? Consider 3M and Post-it Notes.

  Hicksian demand and show the effects

Show that for an inferior good the demand curve for Marshall is steeper than the Hicksian demand and show the effects

  Why is the identification of the threat important

Potential incidents represent threats that have yet to happen. Why is the identification of the threat important to maintaining security?

  What money supply must the fed set next year if it wants to

suppose this years money supply is 800 billion ngdp d 20 trillion and real gdp is 8 trilliona. what is the price level?

  Who can produce any linear combination of chickens

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

  What is income-expenditure model

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

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..

  What is the value of the marginal propensity to consume

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?

  Determine the qualitative forecasting techniques

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.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd