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Question: lots of great information about the U.S. economy and I completely agree with your takeaway on the tax system in the United States and encouraging entrepreneurship to grow the economy. One point that Cochrane spoke on, that I agreed on, was his suggestion of eliminating the corporate tax which he said corporations never paid anyways, that the company would just pass the buck to either the consumer or the workers. Do you think that part of the solution might also be eliminating the corporate tax altogether, which we know doesn't work, in an effort to encourage entrepreneurship and help aleviate some of the problem they are facing with their economic growth?
As the spokesperson for the Environmental Protection Agency, how would you explain the economic reasons for these actions to angry customers of this company who were forced to pay more for the chemicals as a result of this government action.
The price of oil is $30 per barrel and its price elasticity is constant and equal to -0.5. An oil embargo reduces the quantity available by 20%. What is the percentage increase in price of oil?
An industry consists of three firms with identical costs C (q)18q +q2. What is the industry equilibrium (price, output and profits) if the firms have Cournot beliefs?
Draw the consumer's budget constraint and optimal choice when three is no tax. Calculate the utility the consumer gets.
Where coffee beans and sugar cane are readily available, prices on these items would remain low. However, coffee and sugar could become luxury items in countries such as Canada.
How Indonesia has adjusted to the period of a G-Zero World (i.e., instability and public spending cuts) and the Beijing Consensus; how developed is the country in regard to the concepts of competitive advantage of nations
Illustrate and fully explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost (a cost whose value does not affect the optimal decision) to the business regarding this decisio..
We saw in our hawk/dove game that a polymorphic ESS exists with a population of 70 percent hawks and 30 percent doves. But we could consider a mutant phenotype in this game that acts as a hawk 70 percent of the time and a dove 30 percent of the ti..
a. What is John's expected utility? b. What is the actuarially fair insurance premium for full insurance coverage? c. What would John's expected utility be were he to purchase actuarially fair insurance? d. What is John's risk premium?
Describe how the budget constraint of a household in a two-period model is affected by each of the following changes. In Each Case, do you think the household is better off, or worse off, or is it ambiguous If ambiguous.
1. Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods. 2. Explain how the elasticity of demand influences tax revenues? 3. Define progressive, regressive and proportional taxes and give an exampl..
Create an initial post in which you take a position on the future of Web application development via open-source tools and languages. To do so, compare open-source tools and languages and analyse how they are used and how that usage is limited.
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