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In the United States, there is a lot of variation in how cigarettes are taxed across different states. The excise tax on cigarettes varies from a low of 17¢ per pack in Missouri to a high of $4.35 per pack in New York. Explain how this variation in taxation allows for quasi-experimental estimation of the impact of excise taxes on product prices.
In a monopolistically competitive market, can firms earn economic profit in the short-run and in the long run? Explain.
What are the inputs required to be a dairy farmer? What are the inputs required to be a milk producer?
Sport utility vehicles, or SUVs, have been part of the US automotive market since the introduction of the Chevrolet Suburban in 1935. SUVs gained some in popula
A country reported nominal GDP of $115 billion in 2010 and $125 billion in 2009. It also reported a GDP deflator of 85 in 2010 and 100 in 2009.
Economists generally believe that permanent tax cuts will stimulate the economy and lead to higher output, and disagree about why this happens.
The Wall Street Journal's experience after it increased its price to 75 cents. Illustrate what implicit assumptions are the publisher and the analyst making about price elasticity.
Consider economic theory: a. Briefly explain how a map is a model. b. Given an example of how a particular model can be appropriate in one context and inappropriate in another.
Jim doesn't think he can agree to the union's language on technological change because as written it could severely limit the company's flexibility.
Carefully explain the effect on the equilibrium GDP in the Keynesian income-expenditure model.
It can be said that all marketing and marketing strategies begin with marketing research. There is a strong, positive correlation between the quality of a firm's marketing research and the success of the firm's marketing strategies.
which of the following is certain to cause the analyst to increase her estimate of the current value of the stock
Comment on the statement from Kieso et al. in the context of: your understanding of accurately and fairly; the concepts of entity and proprietary perspective
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