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Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
Discuss the factors that cause the average income of nonwhites to be lower than the average income of whites.
Explain how welfare creates work disincentives.
Explain the changes in welfare caused by the "Personal Responsibility and Work Reconciliation Act" of 1996.
Education is often used as an example of a positive externality. Are the external benefits greater for elementary, secondary, or college education? Explain.
Explain why the optimal level of pollution is not zero. According to an EPA study, the health hazards of Superfund sites have been greatly exaggerated and air pollution tends to be a bigger health hazard than toxic waste dumps. Why is more attention focused on toxic waste dumps than on air pollution?
The incidence of a tax falls more heavily on
Discuss whether horizontal or vertical boundaries have been changed, and whether they were extended or shrunk. Following the September 11, 2001 attacks, the U.S. government established the Department of Homeland Security.
Determine which of these statements are normative and which are positive and explain why you place them in the normative or positive category.
Evaluate each of the supply and demand scenarios below, How will each affect equilibrium price and equilibrium quantity in a competitive market? Will price and quantity rise, fall, or be unchanged? Based on the magnitudes of the shifts, will the answ..
Kathleen likes avocado also crab dip. After eating avocado also crab dip with four crackers, she switches to cheese with crackers.
CER defaults on its loan payments to Bank One. Can Bank One attach the 100 stereo systems CER bought from Stereo Manufacturer.
Use scholarly sources to support the current debate between the White House and Congress regarding what measures are necessary to address spending and revenues (e.g., news reports, official statements, press conferences, as well as numerous governmen..
Explicate why one of them brings positive effects to the economy also the other negative effects.
Throughout the company’s franchises, the probability is 0.60 that a meal lwill be served with in 45 seconds. What is the expected number of coupons a counter employee will receive when serving the regional manager?
Why did the budget surpluses in 2000 and 2001 give way to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
The price of an 18-pack of eggs is projected to be $2.40 in 2014. Suppose you’re writing some long-term egg contracts subject to the eventual 2014 market prices and you want to get the most eggs per dollar.
What curve would be shifted (demand or supply) and in what direction (left or right) if there was a decrease in the tax rate or interest income from 20% to 15%?
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