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1) During the past five decades, there has been a shift in the composition of the federal budget toward more spending on income transfers and health care and a smaller share for national defense. Does economics indicate that this change will help Americans achieve higher living standards? Discuss
2)Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless off-setting legislative action is taken. Do you think this is an attractive feature of the current tax system? Why or why not?
3) Compared with the situation before 1981, the marginal tax rates imposed on individuals andfamilies with high incomes are now lower. What was the top marginal personal income tax rate in 1980? What is the top rate now? Are you in favor of or opposed to the lower marginal rates? Why?
4) Can democracy survive if a majority of the citizenry pay little or nothing in taxes while benefiting directly from a higher level of government spending? Why or why not? Discuss.
Assume Winter Sports a hypothetical French retailer of snowboards needs to order 5,000 snowboards made in the United States.
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
Consider two individuals considering how many iced coffee drinks to buy during the coming week.For each person determine how many drinks will be bought during the week.
You know that increasing AD means increasing spending growth, M + v, but now you know that M (growth in M1 or M2, money measures that include checking accounts) depends on growth in the monetary base (MB) and on the money multiplier (MM). That me..
Do a market analysis for the product. Each group may carry out some desk research and fieldwork and do a write up on the following details of a product your group have chosen.
What is the maximum per unit that sellers are willing to pay intermediaries if hiring them saves $8 transaction costs?
Elucidate the impact of globalization on domestic governance. Identify and explicate at least three significant factors requiring domestic changes.
What would happen to autonomous consumption if household debt fell and the interest rate rose over the same time period What would happen to autonomous consumption if real wealth increased and expectations of the future became more optimistic
Other things equal, and given that the elasticity of demand for health care is 0.2, a 10 percent increase in the price of health care in the United States will reduce the quantity of health care demanded by about.
Consumption of apples drops from 30 pounds of apples a month to 21 pounds of apples.
If a local movie theater sells tickets at different prices (senior citizens versus young people, matinee versus evening prices) is the local movie theater a monopoly What about the concession stand inside the theater
Suppose you are manager of customer service department at a bank and you want to hire customer service representatives for a newly opened bank branch.
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