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Q. Explain how do payroll taxes levied on earnings of workers affect their decisions about Explain how much leisure they consume?
When government taxes younger people to pay benefits to older people, explain how does this affect amount of assistance that younger people might voluntarily choose to offer older people?
When government taxes younger people to pay benefits to older people, explain how does this affect size of bequests that older people are likely to leave to their children or grand children when y die?
In general, people who have more productive earn higher incomes and thus pay higher taxes. Explain how would a change in immigration laws that favoured more highly educated and skilled individuals affect future tax burden of today's American college students? Would admission of better-educated immigrants tend to raise or lower wages of American college graduates? On balance, would an overhaul of immigration system benefit or harm today's college students?
Study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
Elucidate the difference between tariffs and quotas. Who is harmed and who benefits by this restriction on trade.
Illustrate what happens when a consumer decides to save and reduce thier spending of consumer goods. Does this affect the supply of money, demand of money or the intrest rate.
Illustrate what is the airline's profit-maximizing fare? How many passengers does it carry per week, using how many flights.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
A basic theory of underlying macroeconomic behavior and therefore useful for making policy predictions. Briefly explain.
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
Illustrate what would it raise more money than today, less money, or the same amount of money.
How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of stell consumed, and the quantity of steel exported. how does it affect consumer surplus, producer suprlus.
Illustrate what is the probability that this worker is a college graduate. A non-college graduate. Are educational achievement and employment states independent
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