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How much more output (income) per year will have to be produced in the world(a) Just to provide the 2.7 billion "severely" poor population with $1 more output per day? $ _______(b) To raise the incomes of the world's "severely poor" population (income less than $2 per day)to the official threshold of U.S. poverty (roughly $5,000 per year per person)? $ ________
(a) Assuming a 10 percent sales tax is levied on all consumption, complete the following table:
Sales Percent ofIncome Consumption Tax Income Paid in Taxes$10,000 $12,000 ______ __________20,000 18,000 ______ __________40,000 32,000 _______ __________80,000 60,000 ________ __________(b) Is the sales tax progressive or regressive?
What is the profit-maximizing price and output? What is the total profit? What is the price elasticity of demand at the profit maximizing output?
Explain how will reduced smokers affect the GDP in the long and short run. What does increased revenue from cigarette taxes do to the deficit and budget.
Illustrate what school of thought would make this suggestion, and how do economists of that school justify that prescription.
Elucidate the factors which contribute to the elasticity of goods. Descriobe how these factors influence consumers to purchases goods or services.
Marginal productivity can be divided into three ranges: Increasing marginal productivity; Diminishing marginal productivity; and Negative marginal productivity.
If the market has an expected return of 10 percent, a standard deviation of 20% and the risk-free rate is 4 percent, what proportion of your money should be invested in the market if you want an expected return of 16%?
As an employee of World Bank you've been asked to research the needs of a country with a particular economic concern.
You are bullish on Avusa stock. The current market price is $50 a share, and you have $5000 of your own to invest.
Presently most British imports come from other European countries. How does this fit in with the changing types of goods that make up world trade.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
Assume the entire economy contains $5000 worth of one-dollar bills. If people fail to deposit any of the dollars, but instead hold all $5000 as currency, how large is the money supply?
At some of these schools, economics professors have lighter teaching loads than professors in some other fields. Illustrate what role do the differences in teaching loads play.
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