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How will a significant corporate tax cut (i.e. drop from 35% to 20%) benefit the U.S. GDP? Will it reduce the U.S. government deficit? Please provide answer in the language of economics. A graph supporting your statement will be a plus.
An increase in income tax rates will always result in an increase in government tax revenues. Recessions will often result in a government budget deficit. Compare the traditional view versus the view of Ricardian equivalence of the effects of a debt-..
It has been said that if government wishes to tax certain goods, it should tax goods that have inelastic rather than elastic demand. What is the rationale for this? Give examples and elaborate your arguments. Define “market structure.” What factors a..
Why are error and uncertainty in the results of a GIS-based analysis not the same thing? Describe each.
Why do policymakers attempt to influence the macroeconomy if the economy will correct itself in the long run anyway?
Suppose that a patient in the trial is selected at random. What is the probability that the patient contracts the disease within 6 months?
In Java, in what circumstances are selection, selection, or merge sort more efficient than each other?
Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for the product is expressed as Q = 5000 – 25P where Q is the number of vac..
Due to budget cuts, there will only be 220 beds. On what percentage of nights will demand exceed capacity?
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine.
The following graph shows supply and demand in the market for smartphones. Use the black point (cross symbol) to indicate the equilibrium price and quantity of smartphones. Then use the green point (triangle symbol) to fill the area representing cons..
In 2009, you were paid $50,000 by your employer (your only source of income). In 2010, you were paid $55,000, but the rate of inflation between the two years was 15%. Your real income went up but your nominal income went down. Your real income went u..
Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which doe he prefer:
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