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Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year-and would thus face a tax increase of about $500 per year from the cigarette tax at the person's current level of consumption. The income tax measure would increase the person's after-tax income by $500.
Would the combined measures be likely to have any effect on the person's consumption of cigarettes? Why or why not?
Consider primary versus secondary and types of research within these categories.
More than 90 companies have started producing SARS-CoV-2 antibody tests. Due to demand, the Food and Drug Administration (FDA) allowed the sale of antibody
Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
The market demand is given by P=260-0.002*Q. The monopolist's costs are described by TC=8,000,000+2Q. Calculate the profit-maximizing quantity.
When Mik has an absolute advantage in the production of two goods over Tommy, Mik
For each of the following kinds of insurance, explain briefly what sort of behavior might be encouraged by moral hazard:
Referencing the class on political economy, what explains why the government enacts a welfare- reducing policy?
"GPS Interaction and Cognitive Process" Please respond to the following:
No suppose that the soy industry produces differentiated products and is characterized by EOS and monopolistic competition. Auto industry is still perfectly competitive. what do you mean by the pattern of trade.
As a whole, Does advertising harm or help consumers? Do companies have a duty to protect their customers privacy? (Business ethics's)
The state-appointed receiver for a city said his city’s declaration of bankruptcy had proved invaluable in helping it cut costs. Before the city declared bankruptcy, he said, he had found it impossible to obtain meaningful concessions out of the city..
Explain how you would plan the capacity for a police station. Your answer should include the unique characteristics and the guiding principles.
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